33 Gatwick Road Bayswater North VIC 3153

Colliers are delighted to offer to market, for sale via Expressions of Interest closing Wednesday, 17th April 2024 at 2:00pm (AEST), 33 Gatwick Road, Bayswater North.

This functional freehold office warehouse presents well and offers purchasers a secure return with significant future growth in a market starved of industrial facilities. The 1,981m²* building area is situated on a total site area of 3,144m²* which features two cross overs and is securely gated. The property is leased to Australian owned and operated national brand Foamex. They are one of the country's largest manufacturers of polystyrene products, and a recognised leader in the development of new and innovative uses of expanded and extruded polystyrene. Foamex have occupied the facility for over 38 years.

Key Investment Highlights
• Passing net rent $262,863 plus GST and outgoings
• Fixed 3% annual rental increases.
• 2.3 years remaining with one four year option
• Market review at the end of term
• $64,226.49 bank guarantee

The Bayswater Industrial market is one of the most tightly held and sought after locations in Melbourne's eastern industrial market. Bayswater's current vacancy for buildings between 1,000-3,000m² is 0.5% which represents only 1 available building to lease. Investments in this location are rarely offered to market.

Please contact your exclusive agents below to arrange an inspection.

*Approximate
**Outlines indicative only