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Burgess Rawson - Melbourne

2/11-13 Lakewood Boulevard Braeside, VIC 3195


2/11-13 Lakewood Boulevard,
Braeside, VIC 3195

Warehouse, Factory & Industrial

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Burgess Rawson - Melbourne
Shaun Venables
Rick Jacobson
David Napoleone

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
Burgess Rawson - Melbourne
2/11-13 Lakewood Boulevard
Braeside, VIC 3195

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
Burgess Rawson is pleased to offer to the market 2, 11-13 Lakewood Boulevard, Braeside VIC for sale via Investment Portfolio Auction 162.

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...

0413 830 0...


Property ID: 504365112Last Updated: 5 Oct 2023

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