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169 Princess Highway Bairnsdale VIC 3875

  • Factory, Warehouse & Industrial
  • 23,791 m²
  • For Sale, Contact Agent

30 year Triple Net Leases Iconic Brand

  • 30 year WALE on a Triple Net Basis
  • Fixed rental growth of 3.0% p.a.
  • Commencing income of $3,050,000 p.a.

JLL Capital Markets Industrial & Logistics team is pleased to offer for sale an exceptional investment opportunity of scale for two Australian manufacturing facilities which underpin the national and global operations of iconic Australian brand, Patties Foods. The assets are both located within Victorian at 28-46 Bald Hill Road, Pakenham and 169 Princes Highway, Bairnsdale.

Patties Foods group is the largest pie manufacturer in the world, producing some of Australias most famous household and market leading brands, including FourN Twenty, Patties, Herbert Adams, Boscastle, and Nannas. Originally established in 1966, Patties provides a long and rich history within the Australian food manufacturing landscape and now proudly employ over 1,000 staff across Australia and New Zealand.

Key Investment Highlights for 169 Princes Highway, Bairnsdale include:

Long Lease to Iconic Australian Food Manufacturer in Patties Foods
Significant 30 year WALE structured on a Triple Net basis
Fixed rental growth of 3.0% p.a. providing a strong running yield
Commencing income of $3,050,000 p.a. with 100% occupancy
Patties Foods budgeted Net Sales Value for FY2021 is in excess of $480 million*
Substantial Industrial 1 Zoned land holding of 21.76 hectares (5.93 hectares utilised for operations area)
Tenant infrastructure embedded across the Bairnsdale asset of $90+ million in tenant plant and equipment
*approx

The property is being offered for sale via Expressions of Interest closing Wednesday 24 th March 2021 at 4pm (AEDT).

For further information please contact the below exclusive marketing agents.

Property Highlights

Property ID2016822224
Floor Area23,791 m²
Land Area21.77 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  24 Feb 2021
Map for 169 Princess Highway Bairnsdale VIC 3875
Map for 169 Princess Highway Bairnsdale VIC 3875169 Princess Highway Bairnsdale VIC 3875

Property Highlights

Property ID2016822224
Floor Area23,791 m²
Land Area21.77 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  24 Feb 2021
JLL - Melbourne
Level 40 101 Collins Street Melbourne VIC 3000

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