SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Desirable Industrial Investment Leased to Tokyo Stock Exchange Powerhouse

2/11-13 Lakewood Boulevard , Braeside VIC

Property Highlights

Subsidiary of Fujitsu General Ltd
598 sqm* Building with Rear Loading
Renewed 3 + 3 Year Net Lease
Register to Bid

Description

Burgess Rawson is pleased to offer to the market 2, 11-13 Lakewood Boulevard, Braeside VIC for sale via Investment Portfolio Auction 162.

The property has the following investment highlights:
+ Renewed 3 year lease to October 2025 plus option to 2028.
+ Precise Air Group: wholly owned subsidiary of Fujitsu General Ltd, listed on the Tokyo Stock Exchange (TYO:6755) with a market cap of $3.43B.
+ Precise Air is one of Australia’s leading national providers of heating, ventilation and air-conditioning.
+ Landlord preferred, net lease terms with tenant paying all usual outgoings including land tax.
+ Annual fixed compounding 3% rent increases, assuring rental growth.
+ Well-presented modern office warehouse totalling 598 sqm* with 9 car-spaces on site.
+ Rental return significantly below market value at $120p/sqm uplift potential.
+ Excellent street exposure and irreplaceable parklands outlook.
+ Easy access to major arterials including Boundary Road, Springvale Road, Mornington Peninsula / Mordialloc Freeway, Dingley Bypass, Dandenong Bypass and Eastlink.
+ Strong demand asset class with record low vacancy rates and significant rental uplift across the nation.
+ Net Income: $72,100 pa* + GST (Oct 2023).

To be sold by Investment Portfolio 162 Auction
10:30am AEST Wednesday 2nd August 2023
Crown Casino, Melbourne.

SHAUN VENABLES
0411 860 865
svenables@burgessrawson.com.au

DAVID NAPOLEONE
0417 308 067
dnapoleone@burgessrawson.com.au

RICK JACOBSON
0413 830 083
rjacobson@burgessrawson.com.au

*approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Industrial
Land Size
827 SQM
Building Area
598 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights