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.
Email enquiry to Appleby - Bayswater
Property ID: 504709848