Superb Investment In Growth Corridor

Fitzroys is pleased to offer for sale over 7.7ha of agricultural land located in Metropolitan Melbourne’s second largest and one of Victoria’s fastest growing municipality. The property is leased to a blue chip tenant in the agribusiness industry on a long term, triple net lease returning $220,000 per annum.

KEY INVESTMENT HIGHLIGHTS

• Returning $220,000* per annum
• 10-year leaseback
• 5 + 5 year options
• Triple net lease structure
• Fixed 3.0% annual reviews
• Leased to Gibsons Groundspread Pty Ltd, Victoria’s leading agricultural distributor and spreader of bulk fertiliser, lime and compost with 70 years’ experience

PROPERTY FEATURES

• Total land area: 7.704ha*
• 162.95m* School Road frontage
• Total building area: 1,064sqm*
• 136sqm* office and amenities building with verandahs
• 717sqm* shed containing fertiliser bunkers & a 15 tonne load blender
• 211sqm* shed used for storage & parking
• 64kVA JCB three phase generator
• Wash bay area with pump shed with triple interceptor
• 50 tonne weigh bridge
• Fully bunded 30,000 litre diesel fuel storage area

100 School Road, Bayles is part of The Gibsons Groundspread Property Portfolio. Other assets include:

• 2194 Princes Highway, Rosedale
• 980 Longford-Sport Road, Dutson
• 33 Pound Road West, Yarram

For further information, please contact one of the exclusive representatives.

*Approx.