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A-Grade Triple Net Tenanted Investment - #1
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For Sale

Expressions of Interest closing 15th Jun 2022 Colliers
Colliers are delighted to offer for sale, via expressions of interest campaign closing Wednesday June 15th at 4pm, 5 Kerr Court, Rowville. This rare industrial tenanted investment offers security and growth which is becoming an increasingly rare proposition in Melbourne East’s highly sought-after precinct of Rowville.

5 Kerr Court is a modern full height pre-cast panel designed off/warehouse that presents in immaculate condition. The building area is 1,453m²* and situated on a total site area of 2,119m²*. The property is fully gated and with excellent on-site security.

The property is leased to the national business Bearing Thermal Resources Pty Ltd who has occupied 5 Kerr Court for since the facility was built.

Key Investment Highlights:
- Passing net rent $195,000* per annum
- Fixed 3.5% annual rental increases
- 5 year lease with multiple further options (5.0* year WALE by income)
- Long standing tenant in Bearing Thermal Resources Pty Ltd who utilise the site as their Australian headquarters
- Core Rowville industrial precinct with excellent access to EastLink (M3) and the Monash Freeway (M1)

5 Kerr Court is an opportunity to purchase a long WALE industrial investment in a time when there is limited supply of investment grade tenanted industrial assets of this nature available in the market.

Please contact your exclusively appointed agents below to arrange an inspection.

*Approximately