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28-46 Bald Hill Road Pakenham VIC 3810

  • Factory, Warehouse & Industrial
  • 22,384 m²
  • For Sale, Contact Agent

30 year Triple Net Leases Iconic Brand

  • Fixed rental growth of 3.0% p.a.
  • Commencing income of $3,200,000 p.a.
  • 30 year WALE on a Triple Net basis

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 28-46 Bald Hill Road, Pakenham 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 $3,200,000 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 5.46 hectares within a rapidly gentrifying precinct
Tenant infrastructure embedded across the Pakenham asset of $15+ 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 exclusive JLL marketing agents.

Tony Iuliano
JLL - Melbourne
Tony Iuliano
JLL - Melbourne
Adrian Rowse
JLL - Melbourne
Adrian Rowse
JLL - Melbourne

Property Highlights

Property ID2016822050
Floor Area22,384 m²
Land Area5.46 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  24 Feb 2021
Map for 28-46 Bald Hill Road Pakenham VIC 3810
Map for 28-46 Bald Hill Road Pakenham VIC 381028-46 Bald Hill Road Pakenham VIC 3810
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

Find out your loan options

Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

Tony Iuliano
JLL - Melbourne
Tony Iuliano
JLL - Melbourne
Adrian Rowse
JLL - Melbourne
Adrian Rowse
JLL - Melbourne

Property Highlights

Property ID2016822050
Floor Area22,384 m²
Land Area5.46 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
Tony Iuliano
JLL - Melbourne
Tony Iuliano
JLL - Melbourne
Adrian Rowse
JLL - Melbourne
Adrian Rowse
JLL - Melbourne

Ask Tony Iuliano about this property

Tony Iuliano

Tony Iuliano

JLL - Melbourne

Adrian Rowse

Adrian Rowse

JLL - Melbourne

+61 *** ***
+61 412 992 830

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