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Colliers - Geelong

13, 15 & 17 Leather Street & 94 Tanner Street Breakwater, VIC 3219

13, 15 & 17 Leather Street & 94 Tanner Street,
Breakwater, VIC 3219

Warehouse, Factory & Industrial

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Substantial Investment on Expansive Corner Landholding

  • Strategic corner landholding of 1.98ha*
  • 5 individual titles
  • Securely leased with substantial income
Colliers is pleased to present For Sale by Expressions of Interest an exceptional investment opportunity.

Situated in a prime corner position within a tightly held showroom and industrial precinct, the property is leased to Big River Timbers and provides a significant value-add opportunity.

- Securely leased to a ASX listed Big River Group with a 5-year lease commencing 3 December 2018 with options through to 2033
- Substantial passing income of $412,503* net per annum
- Two further terms of 5-years with a market review at option and CPI annual increases
- Strategic land holding of 1.98 hectare* (19,824 square metres*) with two (2) street frontages to Leather Street and Tanner Street
- Nine buildings totalling 6,460 square metres*
- Five individual titles
- 107 metres frontage to Leather Street and 192 metres frontage to Tanner Street
- Favourably Zoned Industrial 2 (IN2Z) providing a myriad of future development options (STCA)
- Offering underlying land value or value-add via rental reversion on lease option
- Thriving precinct located directly opposite Bunnings Trade
- Close to all major arterials and within 5km of Geelong CBD*
- Located in high growth region

For further information or to inspect the property, please contact the exclusive selling agents

Property ID: 504051995Last Updated: 28 Nov 2022

Colliers - Geelong

Level 5 / 100 Brougham Street
GEELONG, VIC 3220
Colliers - Geelong
13, 15 & 17 Leather Street & 94 Tanner Street
Breakwater, VIC 3219
Colliers - Geelong
Level 5 / 100 Brougham Street
GEELONG, VIC 3220
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