2/11-13 Lakewood Boulevard,
Braeside, VIC 3195
Key property information
Map of 2/11-13 Lakewood Boulevard
Desirable Industrial Investment Leased to Tokyo Stock Exchange Powerhouse
- Subsidiary of Fujitsu General Ltd
- 598 sqm* Building with Rear Loading
- Renewed 3 + 3 Year Net Lease
The property has the following investment highlights:
+ Renewed 3 year lease to October 2025 plus option to 2028.
+ Precise Air Group: wholly owned subsidiary of Fujitsu General Ltd, listed on the Tokyo Stock Exchange (TYO:6755) with a market cap of $3.43B.
+ Precise Air is one of Australia's leading national providers of heating, ventilation and air-conditioning.
+ Landlord preferred, net lease terms with tenant paying all usual outgoings including land tax.
+ Annual fixed compounding 3% rent increases, assuring rental growth.
+ Well-presented modern office warehouse totalling 598 sqm* with 9 car-spaces on site.
+ Rental return significantly below market value at $120p/sqm uplift potential.
+ Excellent street exposure and irreplaceable parklands outlook.
+ Easy access to major arterials including Boundary Road, Springvale Road, Mornington Peninsula / Mordialloc Freeway, Dingley Bypass, Dandenong Bypass and Eastlink.
+ Strong demand asset class with record low vacancy rates and significant rental uplift across the nation.
+ Net Income: $72,100 pa* + GST (Oct 2023).
To be sold by Investment Portfolio 162 Auction
10:30am AEST Wednesday 2nd August 2023
Crown Casino, Melbourne.
0411 860 8...
0417 308 0...
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Property ID: 504365112Last Updated: 5 Oct 2023