Bayswater

INDUSTRIAL FREEHOLD INVESTMENT

Appleby Commercial is pleased to offer 1 London Drive, Bayswater to the market for private sale.
This prime industrial opportunity is located in the heart of the tightly held Bayswater Industrial Precinct.
The property features a freehold title comprising a 465 square metre warehouse/office facility on a land holding of 1,020 square metres.
The property is tenanted by a fencing business and is currently returning $48,174 net per annum, plus GST and outgoings. The current tenant has been in occupation of the site since 2013.
Appleby Commercial recommends all investors to seriously consider the opportunity this property has to offer.

Property Attributes
Total Building Area: 465m2
Land Size: 1,020m2
Warehouse Clearance: 5.4 Metres
Mezzanine Area: 21m2
Two Separate Office Areas: 10m2 each
Roller Door
3-Phase Power
On-Site Parking
Kitchenette/Staff Room
Male & Female Amenities
Excellent Truck Access
Street Facing
Freehold Title

Lease Details   
Tenant: Rapid Fencing (VIC) Pty Ltd
Lease Commenced: 01/07/2023
Term: 2 Years
Further Options: 2 x 2 Years
Current Rental: $48,174 Per Annum, Plus GST, Plus Outgoings
Reviews: Annual CPI & Market Review 

For more information or to organise an inspection, please contact Appleby Commercial on (03) 8727 9555.