Added 7 days ago
48-52 Leather Street,
Breakwater, VIC 3219
Warehouse, Factory & Industrial
Added 7 days ago
Price information
Sale - Expression of Interest closing Thu 10 Oct
Contact Agent
Key property information
Land area
Floor area
Car spaces
Parking info
Zoning
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$220,000
Number of Tenants
1 Tenant
Tenants / Type
Paton Industries
Expression of Interest
Private inspections
to arrange a private inspection.
Map of 48-52 Leather Street
Train stations within 5 km of 48-52 Leather Street, Breakwater, VIC 3219 Distance Marshall 2.3 km South Geelong 3.4 km South Geelong Railway Station 3.5 km POWERED BY HERE ©Bus stops within 5 km of 48-52 Leather Street, Breakwater, VIC 3219 Distance Dyson CtLeather St 74 m Reeves Ct/Leather St (Breakwater) 175 m Boundary Rd/Leather St (Breakwater) 300 m Durran St/Boundary Rd (St Albans Park) 443 m Westmoreland St/Boundary Rd (St Albans Park) 593 m POWERED BY HERE ©
POWERED BY HERE ©
Secure Industrial Asset with Significant Rental Upside
- Set & Forget Industrial Investment
- High Profile Corner Landholding
- Strong Potential for Rental Growth
Darcy Jarman is pleased to offer 48-52 Leather Street, Breakwater for sale by Expression of Interest closing Thursday 10 October at 3pm.
This outstanding investment opportunity is located within the tightly held Geelong industrial precinct of Breakwater, home to the highly regarded livestock equipment manufacturer Paton Industries, on a new 5-year lease.
Key Investment Details:
• High-profile corner landholding of 5,450m²*
• Three quality, fully self-contained warehouses with a combined building area of 2,583m²*
• Securely leased to Paton Industries, a leading Australian-owned livestock equipment manufacturer
• Income: $220,000 p.a. plus GST and outgoings including Land Tax
• Brand-new 5-year lease term with an option to 2034
• Significant future rental reversion, with current rent equating to $85/m²
• Strong annual increases, with market review at the option period
• Favourable Industrial 1 Zone landholding
• Dual street frontage and access from Leather Street and Dyson Court
• 150m+ of combined frontage to a thriving showroom and industrial precinct
• Attractive investment, underpinned by a potential 50% stamp duty concession
Geelong remains one of the fastest-growing cities in the nation, with a population expected to be 510,000 by 2050 (currently 280,000).
*Approx.
To request information, or arrange an inspection please contact the below agents:
Tim Darcy + 61 418 522 5...
Andrew Prowse + 61 418 534 0...
This outstanding investment opportunity is located within the tightly held Geelong industrial precinct of Breakwater, home to the highly regarded livestock equipment manufacturer Paton Industries, on a new 5-year lease.
Key Investment Details:
• High-profile corner landholding of 5,450m²*
• Three quality, fully self-contained warehouses with a combined building area of 2,583m²*
• Securely leased to Paton Industries, a leading Australian-owned livestock equipment manufacturer
• Income: $220,000 p.a. plus GST and outgoings including Land Tax
• Brand-new 5-year lease term with an option to 2034
• Significant future rental reversion, with current rent equating to $85/m²
• Strong annual increases, with market review at the option period
• Favourable Industrial 1 Zone landholding
• Dual street frontage and access from Leather Street and Dyson Court
• 150m+ of combined frontage to a thriving showroom and industrial precinct
• Attractive investment, underpinned by a potential 50% stamp duty concession
Geelong remains one of the fastest-growing cities in the nation, with a population expected to be 510,000 by 2050 (currently 280,000).
*Approx.
To request information, or arrange an inspection please contact the below agents:
Tim Darcy + 61 418 522 5...
Andrew Prowse + 61 418 534 0...
Property ID: 504684956Last Updated: 17 Sep 2024
Darcy Jarman - Geelong
Level 1, 89 West Fyans StreetNEWTOWN, VIC 3220
48-52 Leather Street
Breakwater, VIC 3219
Darcy Jarman - Geelong Level 1, 89 West Fyans Street
NEWTOWN, VIC 3220
NEWTOWN, VIC 3220
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