33 Gatwick Road,
Bayswater North, VIC 3153
Warehouse, Factory & Industrial
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Colliers - Melbourne East
Level 7, Chadstone Tower One 1341 Dandenong RdCHADSTONE, VIC 3148
33 Gatwick Road
Bayswater North, VIC 3153
Map of 33 Gatwick Road
Bayswater North Industrial Investment
- Total building area: 1,981m²*
- Long standing occupier - Head office
- Freehold tightly held Bayswater location
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
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
Property ID: 504545588Last Updated: 2 Sep 2024
Colliers - Melbourne EastLevel 7, Chadstone Tower One 1341 Dandenong Rd
CHADSTONE, VIC 3148
CHADSTONE, VIC 3148
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