836 Mountain Highway Bayswater VIC 3153

Dawkins Occhiuto and JLL are pleased to present an exceptional opportunity to secure a long-term leased industrial investment underpinned by its high underlying land value and redevelopment potential.

836 Mountain Highway, Bayswater is a highly functional office warehouse conveniently located approximately 33km east of the Melbourne CBD. The property enjoys a strategic location with main road frontage and convenient proximity to Eastlink and the Eastern Freeway.

The property is 100% leased to Rosebank Engineering, a subsidiary of the ASDAM Group, on a new 11-year triple-net lease until January 2036. With guaranteed income growth, this prime Industrial 1 zoned property represents an exceptional investment and landbanking opportunity not to be missed!

Key features of the offering include:

+ New 11-year triple-net lease to Rosebank Engineering expiring January 2036
+ Current Net Passing Income of $594,104 p.a.*
+ Significant rental increase to $1,268,550 p.a.* from January 2026 onwards (107% increase)
+ Gross lettable area of 8,457sqm* (office/warehouse)
+ A capital works program to upgrade the existing base building is currently underway, which is funded by the tenant's lease incentive and managed by the tenant
+ 1.87ha* high exposure Industrial 1 zoned site
+ Over 294m* of combined corner frontage
*approx.

This property is offered for sale via Expressions of Interest closing Wednesday, 21 August 2024 at 3.00pm (AEST).

Please contact exclusive selling agents, Dawkins Occhiuto and JLL, for more information.