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13, 15 & 17 Leather Street & 94 Tanner Street
Breakwater VIC 3219
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Sold on 20 Jun 2022

13, 15 & 17 Leather Street & 94 Tanner Street Breakwater VIC 3219

  • Factory, Warehouse & Industrial
  • 6,460 m²
  • Sold

Substantial Investment on Expansive Corner Landholding

  • Strategic corner landholding of 1.98ha*
  • 5 individual titles
  • Securely leased with substantial income

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

Property Highlights

Date Sold20 Jun 2022
Floor Area6,460 m²
Land Area1.98 ha
ParkingAsk Agent
Property ID2017738514
Category
Last updated  22 Aug 2022
Map for 13, 15 & 17 Leather Street & 94 Tanner Street Breakwater VIC 3219

Property Highlights

Date Sold20 Jun 2022
Floor Area6,460 m²
Land Area1.98 ha
ParkingAsk Agent
Property ID2017738514
Category
Last updated  22 Aug 2022

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