****** SOLD ******

Gross Waddell ICR and Mindacom Real Estate are pleased to present for sale an exceptional investment opportunity known as Units 1, 8 & 9, 13 Downard Street, Braeside. Situated within a tightly held industrial precinct, this property comes securely leased to a global giant who operators in over 140 countries and offers potential rental reversion upside or future value-add opportunities (STCA).

• Securely leased to the highly acclaimed Toro Australia, whose parent company is listed on the New York Stock Exchange
• Five (5) year lease plus two (2) further terms of five (5) years commencing on the 1st July 2022
• Substantial passing income of $1,456,162.5* net per annum (as at 1st July 2023)
• Strategic land holding of 28,560 sqm* with only 58%* site coverage
• Favourably zoned Industrial Zone 1 (IN1Z)
• Sprawling 16,520 sqm* of building spread across three (3) various warehouse & office facilities
• Potential rental reversion or value-add potential at market review or post lease expiration
• Tightly held precinct and in close proximity to Moorabbin Airport, DFO Moorabbin, Decathlon, Costco, Mordialloc plus much more
• Ideal connectivity being only meters from the Mordialloc Freeway and close to Eastlink

The property is for sale via Expressions of Interest closing at 3 pm on Wednesday 28th of June 2023. For further information or to inspect the property, please contact Gross Waddell ICR or Mindacom directly.

 For further information, or an inspection of the premises, please contact an agent.