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33 Gatwick Road
Bayswater North VIC 3153
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33 Gatwick Road Bayswater North VIC 3153

  • Factory, Warehouse & Industrial
  • 1,981 m²
  • Expressions of Interest

Bayswater North Industrial Investment

  • Total building area: 1,981m²*
  • Long standing occupier - Head office
  • Freehold tightly held Bayswater location

Colliers are delighted to offer to market, for sale via Expressions of Interest closing Wednesday, 17th April 2024 at 2:00pm (AEST), 33 Gatwick Road, Bayswater North.

This functional freehold office warehouse presents well and offers purchasers a secure return with significant future growth in a market starved of industrial facilities. The 1,981m²* building area is situated on a total site area of 3,144m²* which features two cross overs and is securely gated. The property is leased to Australian owned and operated national brand Foamex. They are one of the country's largest manufacturers of polystyrene products, and a recognised leader in the development of new and innovative uses of expanded and extruded polystyrene. Foamex have occupied the facility for over 38 years.

Key Investment Highlights
• Passing net rent $262,863 plus GST and outgoings
• Fixed 3% annual rental increases.
• 2.3 years remaining with one four year option
• Market review at the end of term
• $64,226.49 bank guarantee

The Bayswater Industrial market is one of the most tightly held and sought after locations in Melbourne's eastern industrial market. Bayswater's current vacancy for buildings between 1,000-3,000m² is 0.5% which represents only 1 available building to lease. Investments in this location are rarely offered to market.

Please contact your exclusive agents below to arrange an inspection.

*Approximate
**Outlines indicative only

EXPRESSION OF INTEREST

Closing date and time17/04/2024 14:00
Recipient nameAsk Agent
Delivery addressColliers

Property Highlights

Floor Area1,981 m²
Land Area3,144 m²
ParkingOn site parking available
Building TypeWhole building
Annual Return262863%
AvailabilityTenanted
Property ID2019123602
Category
Last updated  3 Jun 2024
Map for 33 Gatwick Road Bayswater North VIC 3153

Property Highlights

Floor Area1,981 m²
Land Area3,144 m²
ParkingOn site parking available
Building TypeWhole building
Annual Return262863%
AvailabilityTenanted
Property ID2019123602
Category
Last updated  3 Jun 2024

Co-Agents

Richard Wilkinson
Colliers International | Melbourne East
Call
+61 431 156 990
Jonathan Mercuri
Colliers International | Melbourne East
Call
0401 693 450

More Factory, Warehouse & Industrial for Sale in Bayswater North VIC

For SaleContact Agent
158 canterbury road,bayswater north, VIC 3153
130 - 378 m²
Factory, Warehouse & Industrial
Expressions of Interest
33 gatwick road,bayswater north, VIC 3153
1,981 m²
Factory, Warehouse & Industrial
For SaleContact Agents
space 1/33-35 hosie street,bayswater north, VIC 3153
103 - 330 m²
Factory, Warehouse & Industrial

Property FAQs

The agent has not listed a sale price for 33 Gatwick Road Bayswater North VIC 3153. Contact the agent for a price guide.
The floor area for 33 Gatwick Road Bayswater North VIC 3153 is 1,981 m².
The land area of 33 Gatwick Road Bayswater North VIC 3153 is 3,144 m².
Yes, there is on-site parking space available at 33 Gatwick Road Bayswater North VIC 3153.
33 Gatwick Road Bayswater North VIC 3153 is currently tenanted.
The property highlights for 33 Gatwick Road Bayswater North VIC 3153 are 'Total building area: 1,981m²*', 'Long standing occupier - Head office' and 'Freehold tightly held Bayswater location'.
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