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    8 Dunlop Court

    • Bayswater VIC

    • GLA 24,919sqm on Land 59,840sqm

    • Purchased February 2012  •  Sold December 2017

    • IRR 23.2%
    • TR 182.6%
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    Strategy

    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.

    Activities

    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.

     

     

    Outcome

    Throughout the ownership period new long-term leases were signed with all tenants.

    Property was sold in Dec 2017.

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