Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne
17 year triple net lease to 2028
10 year option to 2038
Rare Triple Net lease- tenant pays all outgoings incl. land tax
Leased to national giant Primo Smallgoods
Primo smallgoods: now a subsidiary of JBS, the largest meat processing company in the world with over $70bn in annual revenues
Strategic location close to Sydney Road and Hume Highway, ideal for logistics/distribution
Large 4,317 sqm land area with 2,180 sqm building
All warehouse areas temperature controlled with a mix of chilled and frozen areas
Annual CPI rent increases
Net Income: $267,915 pa + GST (inclusive of Apr-19 review of 2.0%)