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Strategic, Freestanding Industrial Investment

13-17 Industrial Place, Breakwater VIC

Property Highlights

Annual fixed 3.5% rent increases
Renewed 5 year lease plus options
Thriving, essential service tenant

Description

Industrial: The most sought-after commercial property type**.
Secure net lease, renewed leased to July 2024 plus options.
Award winning tenant: Till Hino Sales and Service, a top dealer for Hino Trucks Australia, recently expanded to Ballarat.
Booming light truck sector: In June Hino Australia broke its record number of monthly sales***. In Victoria, increased demand for light trucks is largely being driven by 157% growth in online shopping deliveries****.
Annual fixed, compounding 3.5% rent increases.
Significant 3,787 sqm* site with easy access.
Modern 1,931 sqm* high-clearance, clear-span warehouse.
High-activity industrial precinct, 3.5km* from Geelong CBD, with 0% vacancy rate above 500 sqm** and over 100 new warehouses/factory units recently completed or under construction.
The Breakwater Estate supports 2,747 jobs***** with major employers including Bunnings Trade, CSR, Coles Group, Steggles (La Ionca) Chicken, Mainfreight and Barwon Water, all within 750 metres*.
Greater Geelong: One of Australia’s fastest growing regions, forecast to add 129,936 new residents by 2041*****.
Estimated Net Rent: $187,057 pa.
Strategic essential service investment.

*Approximately
**realcommercial.com.au
***ownerdriver.com.au
****The Age
*****Remplan
******.id

Portfolio Auction 139
11am (AEST) Wednesday 23 September

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Industrial
Land Size
3,787 SQM
Building Area
1,931 SQM

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