5/381 Bayswater Road,
Bayswater, VIC 3153
Warehouse, Factory & Industrial
Price information
Sold
$1,550,000
Key property information
Floor area
Property extent
Tenure type
Sold on
JLL - Melbourne
Level 33, 101 Collins StreetMELBOURNE, VIC 3000
5/381 Bayswater Road
Bayswater, VIC 3153
Map of 5/381 Bayswater Road
Price Reduction! Tasty Investment – Fully Fitted Food Production Facility
- 763sqm* of total building area
- Strong fixed rent reviews
- Highly sought after location
JLL is pleased to exclusively offer for private sale 5/381 Bayswater Road, Bayswater.
This high quality food production facility is occupied by Caspers Pies and Pastries and leased until December 2025 with options for two further terms of 5 years.
Extensive fit-out is in place within the facility, and makes it a highly specialised factory for food production. Entry level investments becoming rare in the Eastern market of Melbourne, this is sure to stir up the appetite of hungry investors.
This property features:
- 763m2 of total building area
- Returning $61,000pa from December 2022 + GST + Outgoings, currently returning $56,000
- Includes dual level office area
- Strong fixed rental growth
- Returning $56,000 pa + GST + Outgoings with rental review to $61,000 pa in December 2022
- Occupied by Caspers Pies and Pastries, a long standing tenant with occupation extending over 15 years from this facility
- Directors guarantees in place
- Fully fitted food facility with extensive infrastructure in place (tenant owned)
- Exceptional location, with excellent proximity to arterial connections including Eastlink, Mountain Highway and Canterbury Road
- Excellent position within fully leased factory complex
- Opportunity for investors to enter into market with record low vacancy and strong annualised rental growth
For further information including information memorandum, contract of sale and section 32, contact the exclusive agents at JLL
This high quality food production facility is occupied by Caspers Pies and Pastries and leased until December 2025 with options for two further terms of 5 years.
Extensive fit-out is in place within the facility, and makes it a highly specialised factory for food production. Entry level investments becoming rare in the Eastern market of Melbourne, this is sure to stir up the appetite of hungry investors.
This property features:
- 763m2 of total building area
- Returning $61,000pa from December 2022 + GST + Outgoings, currently returning $56,000
- Includes dual level office area
- Strong fixed rental growth
- Returning $56,000 pa + GST + Outgoings with rental review to $61,000 pa in December 2022
- Occupied by Caspers Pies and Pastries, a long standing tenant with occupation extending over 15 years from this facility
- Directors guarantees in place
- Fully fitted food facility with extensive infrastructure in place (tenant owned)
- Exceptional location, with excellent proximity to arterial connections including Eastlink, Mountain Highway and Canterbury Road
- Excellent position within fully leased factory complex
- Opportunity for investors to enter into market with record low vacancy and strong annualised rental growth
For further information including information memorandum, contract of sale and section 32, contact the exclusive agents at JLL
Property ID: 504123899Last Updated: 10 Jul 2024
JLL - MelbourneLevel 33, 101 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
JLL - Melbourne Metropolitan Level 40, 101 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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