5-7 Leslie Road & 6-10 Pipe Road

JLL Capital Markets Industrial & Logistics team, in conjunction with Dawkins Occhiuto, is pleased to offer for sale 5-17 Leslie Road & 6-10 Pipe Road, Laverton North, Victoria. Located within a premium inner western Melbourne precinct, which is critical to tenant requirements, the asset provides a cold storage and blast freezing facility and is 100% leased to Austco Polar, a subsidiary of ASX listed Wingara AG Ltd (ASX:WNG).

Key Investment Highlights for 5-17 Leslie Road & 6-10 Pipe Road, Laverton North, Victoria include:

• Long Lease to Austco Polar, a subsidiary of ASX Listed Entity Wingara AG Ltd.
• Significant 13 year lease structured on a Triple Net basis.
• Fixed rental growth of 3.5% p.a. providing an attractive running yield.
• Passing income of $1,921,748 p.a. (as at August 2021) with positive future rental reversion.
• Fit for purpose improvements including blast freezers critical to tenant requirements.
• Strategic Industrial 2 Zoned land holding of 3.03 hectares with dual street frontages.
• Situated across five separate (5) titles allowing for potential future sell down.
• Direct access to Australia’s busiest port (Port of Melbourne) which is crucial to tenant requirements.
• Operational longevity with the site being used for processing and cold storage since the 1960’s.

*all figures are approximate 

The property is being offered via an International Expressions of Interest campaign closing Wednesday 19^th May 2021 at 3pm AEST.

For further information please contact the below exclusive marketing agents.