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Substantial Investment on Expansive Corner Landholding - #1
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For Sale

Expressions of Interest closing 19th May 2022 .
Colliers is pleased to present For Sale by Expressions of Interest an exceptional investment opportunity.

Situated in a prime corner position within a tightly held showroom and industrial precinct, the property is leased to Big River Timbers and provides a significant value-add opportunity.

- Securely leased to a ASX listed Big River Group with a 5-year lease commencing 3 December 2018 with options through to 2033
- Substantial passing income of $412,503* net per annum
- Two further terms of 5-years with a market review at option and CPI annual increases
- Strategic land holding of 1.98 hectare* (19,824 square metres*) with two (2) street frontages to Leather Street and Tanner Street
- Nine buildings totalling 6,460 square metres*
- Five individual titles
- 107 metres frontage to Leather Street and 192 metres frontage to Tanner Street
- Favourably Zoned Industrial 2 (IN2Z) providing a myriad of future development options (STCA)
- Offering underlying land value or value-add via rental reversion on lease option
- Thriving precinct located directly opposite Bunnings Trade
- Close to all major arterials and within 5km of Geelong CBD*
- Located in high growth region

For further information or to inspect the property, please contact the exclusive selling agents.

Features

Total Area - HA
Strategic corner landholding of 1.98ha*
Sold in a Portfolio
5 individual titles
Net Income
Securely leased with substantial income
Opportunity
Land rich investment with upside