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79-83 & 85 Cherry Lane
Laverton North VIC 3026
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Sold on 26 Sep 2018

79-83 & 85 Cherry Lane Laverton North VIC 3026

  • Factory, Warehouse & Industrial
  • 3.15 ha
  • Sold

For Sale 20 year triple net lease – ASX listed tenant

FOR SALE VIA AN EXPRESSIONS OF INTEREST CAMPAIGN CLOSING THURSDAY 5TH JULY AT 4:00PM (AEST)

JLL as exclusive selling agents have the pleasure in offering for sale a rare “bond like” investment opportunity at 79-83 & 85 Cherry Lane, Laverton North Victoria.

Key Investment Highlights include:
+ 20 year lease term with options
+ Fully leased to listed company Probiotec Limited (ASX: PBP)
+ Net passing income of $1,570,000 p.a.
+ Strong annual rental growth of 3.5% p.a
+ Triple Net Structure – tenant responsible for all outgoings including those of a capital/structural nature
+ GLA of 17,211 sqm* on completion of building works
+ Site area of 3.1ha*
+ Core Logistics location
+ Outstanding exposure with 224 metre* frontage to Princes Freeway

*approximate

To request a copy of the information memorandum or for further information please contact the listing agents on details below.

Property Highlights

Date Sold26 Sep 2018
Floor AreaAsk Agent
Land Area3.15 ha
ParkingAsk Agent
Property ID2014428819
Category
Last updated  2 Oct 2018
Map for 79-83 & 85 Cherry Lane Laverton North VIC 3026

Property Highlights

Date Sold26 Sep 2018
Floor AreaAsk Agent
Land Area3.15 ha
ParkingAsk Agent
Property ID2014428819
Category
Last updated  2 Oct 2018

Listed by

JLL - Melbourne
Call
03 96726666

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