Prime Investment Opportunity, Long Lease with ASX Listed Multinational Tenant

Industrial/Warehouse  

Cameron is pleased to offer this rare investment opportunity.

Strategically located within the thriving Dandenong South industrial precinct, this site represents a rare acquisition opportunity to secure an asset in the tightly held industrial 2 zoned pocket with an ASX listed, Multinational tenant.

LEASE SUMMARY
Annual rental: $254,372 plus GST and outgoings
Lease term: 5 years commencing 1/12/2020
Options: 3 further options of 5 years each (until 2040)
Annual increases: The greater of 2% or CPI with market reviews at the conclusion of each term

TENANT PROFILE
Reliance worldwide corporation limited is an Australian owned publicly listed company which designs, manufactures and supplies water flow and control products and solutions.
• Serving 60 Countries worldwide
• Employing over 2000 people in 44 locations
• 24 Distribution hubs
• 15 Manufacturing hubs
• 5 R & D centres
https://www.rwc.com/about-rwc

Property highlights:
• Zone – Industrial 2
• Total site area 4,622 m2
• Total building area 2,687 m2
• Factory area 2,477 m2
• Factory amenities area with air-conditioned lunchroom 30 m2
• Quality two level office area 180 m2
• 36 Carpark spaces
• Clear span factory Area with 9 m working height
• 16 Tonne traveling crane with VSD, handheld remote control
• 200 mm Thick heavy-duty factory floor
• Sealed and coated concrete floor quality office fit out
• Office fully air-conditioned
• Tilt slab wall paneling
• On-grade electric roller doors x 3
• On-site dedicated electrical sub station
• Large power supply & main switch board
• Side driveway / hard stand area
• Business grade NBN internet connection & Wi-Fi throughout the property
• GSM monitored security system
• CCTV security monitoring system
• LED lighting throughout
• External security lighting
• Security fencing with motorised front sliding security gate

* Approved planning permit for expansion into neighboring land