Premium Industrial Investment with Blue-Chip Tenant – Secure Long-Term Income
Positioned within the highly sought-after Heidelberg West Business Park in Victoria, this outstanding industrial investment presents a rare opportunity to secure a premium, fully leased asset backed by a long-standing blue-chip tenant. With a new long-term lease in place, fixed annual rental increases, and a fully net lease structure, this is a genuine set-and-forget investment offering exceptional security and predictable income growth. This low-maintenance, secure, high-quality income-producing asset strongly appeal to investor and owner occupier looking for modern, turnkey facility in a proven precinct.
Property Highlight
- Land Area: 878 m²*
- Building Area: Approx. 890 m²* (warehouse + quality office/lab)
- Lease: New 5 + 5 + 5 year term commencing June 2025 to a strong corporate tenant (Essilor Laboratory — part of a publicly listed European company). The tenant has occupied the property for more than 20 years.
- Current Net Rent: $134,947 p.a. + GST + all outgoings (fully net lease, including land tax and body corporate)
- Rent Reviews: Fixed 3.5% annual increases + market review every five years — excellent built-in growth
- Zoning: Industrial 1 Zone
Key features:
- Tenant responsible for all building repairs and maintenance
- Recently renovated premium warehouse with high-quality office component
- 6 individual office rooms + meeting room
- Brand new ducted air conditioning (3 separate systems for warehouse, downstairs & upstairs)
- Modern bathroom with shower, kitchen & eating area
- On-site 14 private parking spaces
- Excellent access to Eastern Freeway
- Located in the established and tightly held Heidelberg West Business Park
For further information, please contact Tony Lao 0411466688
