5/381 Bayswater Road Bayswater VIC 3153

JLL is pleased to exclusively offer for private sale 5/381 Bayswater Road, Bayswater.

This high quality food production facility is occupied by Caspers Pies and Pastries and leased until December 2025 with options for two further terms of 5 years.
Extensive fit-out is in place within the facility, and makes it a highly specialised factory for food production. Entry level investments becoming rare in the Eastern market of Melbourne, this is sure to stir up the appetite of hungry investors.

This property features:

- 763m2 of total building area
- Returning $61,000pa from December 2022 + GST + Outgoings, currently returning $56,000
- Includes dual level office area
- Strong fixed rental growth
- Returning $56,000 pa + GST + Outgoings with rental review to $61,000 pa in December 2022
- Occupied by Caspers Pies and Pastries, a long standing tenant with occupation extending over 15 years from this facility
- Directors guarantees in place
- Fully fitted food facility with extensive infrastructure in place (tenant owned)
- Exceptional location, with excellent proximity to arterial connections including Eastlink, Mountain Highway and Canterbury Road
- Excellent position within fully leased factory complex
- Opportunity for investors to enter into market with record low vacancy and strong annualised rental growth

For further information including information memorandum, contract of sale and section 32, contact the exclusive agents at JLL