INCOME TODAY. UPSIDE TOMORROW. 745m2, INZ1
Two contiguous industrial strata units, sold as one line.
Unit 1 (495 m2*) is tenanted to Royal Crown Detailing on a 3-year lease from 1 May 2026, with two further 3-year options, delivering $56,727 p.a. net with 3% fixed annual increases.
Unit 2 (250 m2*) is offered with vacant possession – occupy, lease or hold.
Unit 1 passes at $115/sqm net against a market of $130 to $160/sqm, with fixed 3% annual growth and a market review in May 2029. On a fully leased basis, the combined portfolio is estimated to generate $125,000 to $145,000 p.a. net – a 6.25% to 7.25% market yield on the asking price.
Unit 2 is 250m2* of functional, main road fronting warehouse/commercial space presenting a clean slate for an occupier to interface with the public, providing functionality with visibility and access.
Located in Melbourne’s inner-west IN1Z precinct with port access and strong arterial connectivity, this opportunity suits buyers with the vision to fully realise the potential available and be the one to capitalise on the uplift.
Highlights
– 745 m2* total NLA, IN1Z, sold in one line
– 1,011 m2* total site area
– Unit 1: 495 m2*, tenanted at $56,727 p.a. net, day-1 income from settlement
– Lease term: 3 years from 1 May 2026, with two further 3-year options
– Fixed 3% annual rent increases, market review May 2029
– 100% outgoings paid by tenant
– Passing rent $115 per m2 net, below the $130 to $160 m2 market range
– Reversionary upside at market review with no capex required
– Unit 2: 250 m2* vacant possession
– Fully leased income potential $125,000 to $145,000 p.a. net*
– Market yield 6.25% to 7.25% on asking price*
Please contact one of the exclusively appointed Lemon Baxter agents listed below for further information or to arrange a private inspection.
*approximately.
