Brand New Lease to Tokyo-Listed Giant Multi-National Tenant | Substantial 22,070sqm* Site

Burgess Rawson are pleased to offer to the market Opal Packaging located at 780 Koorlong Avenue, Irymple (Mildura) VIC for sale via Expressions of Interest closing 3pm on Wednesday 22 May 2024.

The property has the following investment highlights:

+ Brand New Four (4) year lease commencing 1st May 2024 plus options through to 2032
+ Blue-Chip tenant, Opal Packaging, a wholly owned subsidiary of Japanese listed giant Nippon Paper Group (TYO: 3863 Nikkei 225 Component); one of the world’s largest pulp and paper manufacturing companies with a market cap of $130.32 billion.
+ Nippon Paper Group: A Japan-based holding company in the paper manufacturing industry employing over 16,156** people globally with Net Sales in excess of Y1,152.6 billion and over 160 companies worldwide.
+ Tenant pays all outgoings as per lease inclusive of council rates, maintenance, insurance premiums, management, facilities fee’s and land tax (on a single holding basis).
+ Attractive fixed 3.5% annual increases.
+ Solid building of 6,204sqm* GLA inclusive of three warehouses with loading/delivery area, canopy, office and amenities.
+ Significant 22,070sqm* land area with significant additional hardstand of 9,662sqm*.
+ Industrial 1 zoning, located in a proven and sought after industrial and logistics precinct of Irymple.
+ Irymple: 6.5*kms from the Mildura CBD, a thriving and key industrial and agricultural township home to over 5,970* residents.
+ Mildura: Bustling commercial centre of Sunraysia and Murray River region, trade catchment circa 60,000 and growing.
+ Potential 50% stamp duty savings.
+ Net Income: $411,900 pa* + GST.

To be sold via Expressions of Interest
Closing 3pm (AEST) Wednesday 22 May 2024