48-52 Leather Street, Breakwater, Vic 3219

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 + 61 418 522 523
Andrew Prowse + 61 418 534 076