****** SOLD ******
Gross Waddell ICR and Mindacom Real Estate are pleased to present for sale an exceptional investment opportunity known as Units 1, 8 & 9, 13 Downard Street, Braeside. Situated within a tightly held industrial precinct, this property comes securely leased to a global giant who operators in over 140 countries and offers potential rental reversion upside or future value-add opportunities (STCA).
• Securely leased to the highly acclaimed Toro Australia, whose parent company is listed on the New York Stock Exchange
• Five (5) year lease plus two (2) further terms of five (5) years commencing on the 1st July 2022
• Substantial passing income of $1,456,162.5* net per annum (as at 1st July 2023)
• Strategic land holding of 28,560 sqm* with only 58%* site coverage
• Favourably zoned Industrial Zone 1 (IN1Z)
• Sprawling 16,520 sqm* of building spread across three (3) various warehouse & office facilities
• Potential rental reversion or value-add potential at market review or post lease expiration
• Tightly held precinct and in close proximity to Moorabbin Airport, DFO Moorabbin, Decathlon, Costco, Mordialloc plus much more
• Ideal connectivity being only meters from the Mordialloc Freeway and close to Eastlink
The property is for sale via Expressions of Interest closing at 3 pm on Wednesday 28th of June 2023. For further information or to inspect the property, please contact Gross Waddell ICR or Mindacom directly.
