54 Barry Street, Bayswater, VIC 3153

Industrial

Sold

Sold

  • Property ID: 434308
  • Floor Area: 1109m²
  • Land Area: 2258m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 12/09/2023 1109m2 2258m2 Contact Agent
WAREHOUSE INVESTMENT IN PRIME LOCATION

Appleby Commercial is pleased to offer 54 Barry Street, Bayswater to the market for sale by Expressions of Interest closing Thursday 17th August 2023 at 2pm AEST (unless sold prior).

The property is located within the heart of the Bayswater Industrial Precinct on the corner of Barry Street and Reid Street allowing for multiple access points to the warehouse.

The warehouse is currently leased to Industrial Food Services Pty Ltd who have occupied the property for over 10 years and still have over 9 years remaining on their lease.

Property Features:
+ Building Area: 1,109m2
+ Land Area: 2,258m2
+ Two Street Frontages
+ 3 Roller Doors
+ Large 3 Phase Power Supply

Lease Details:
+ Lease Commencing: 01/01/2023
+ Lease Term: 10 years
+ Current Rental: $131,760 + GST & Outgoings p.a.
+ Reviews: Annual CPI or 3% whichever is greater.

For further information or to arrange an inspection contact Appleby Commercial today!

Additional Information
Features
  • Availability: 30/60 days
  • Lease Term: 10 year
  • Rent Review: Annual CPI or 3% whichever is greater
  • Condition: Very Good
  • Floors: Concrete
Outgoings
  • Water Rates: Paid by Tenant
  • Land Tax: Paid by Tenant
  • Council Rates: Paid by Tenant
Bayswater Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $3391 $139 4.11%
Offices $3837 $190 4.95%
Retail $3785 $219 5.78%
This is the average advertised price, rent and yield for Bayswater, VIC 3153*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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