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GLA 24,919sqm on Land 59,840sqm
Purchased February 2012 • Sold December 2017
A substantial industrial site of 5.98 hectares, located within the industrial precinct of Bayswater, approx. 35km east of Melbourne CDB.
At settlement, the property was fully leased to two tenants – Veyance Belting (90% of the area) and Rapid Pacific Roll Coverings (10% of the area).
Our focus was to develop a strong relationship with the tenants, to ensure the tenant’s occupancy needs were met on an ongoing and long-term basis.
QE worked closely with the tenants to ensure their long-term requirements were adequately met and secure their ongoing commitment. This included upgrade works to improve the facilities.
Throughout the ownership period new long-term leases were signed with all tenants.
Property was sold in Dec 2017.