Warehouse 3, 158 Fyans Street,
South Geelong, VIC 3220

Warehouse, Factory & Industrial • Showrooms & Large Format Retail

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Map of Warehouse 3, 158 Fyans Street

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PRIME INDUSTRIAL INVESTMENT - 8 YEAR LEASE TO NATIONAL TENANT

AUCTION | THURSDAY 8th SEPTEMBER AT 12pm ONSITE

Premium, bite size industrial investment leased to national home builders, Metricon Homes. Ideally positioned in Geelong's tightly held and much sought-after city fringe precinct of South Geelong.

- Securely leased to award winning home builder, Metricon Homes

- Rental income: $32,069 pa net (as of 01/12/22)

- Tenant pays all outgoings including land tax

- Lease term: 8 years + options (commenced Dec-21)

- Annual increases: 3%

- Building area: 250m2

- Benefitting from an additional 45m2 mezzanine

- Dedicated parking for five (5) cars

- Abutting and servicing Metricon Homes brand new head office.

- Positioned within Barwon Fyans Business Park, the newest and most sought after industrial park in Geelong, neighbouring a soon to be open Routleys Bakery.

*Approx.

South Geelong, 3220 demographic data

The median household income for South Geelong is $1,642, 18% higher than Regional Victoria's household income of $1,386. South Geelong has a younger age profile compared to the rest of Regional Victoria (median age 37 vs 43). Property ownership data shows 50% of property owners in South Geelong have a mortgage.

1,014

Population

$1,642 per week

Median household income

37 years

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