Lock In Bayside Income - Premium Asset, Proven Tenant. (NO STAMP DUTY PAYABLE!)

Sale Details

Sold on 22 Jul 2026 for $1,475,000

Description

OFF-MARKET OPPORTUNITY.

NO STAMP DUTY PAYABLE – SAVING FROM $82.5K.

POINT OF INTEREST:

Positioned within one of Bayside’s most tightly held industrial pockets, Unit 5 presents a rare opportunity to secure a high-quality, income-producing asset within the architecturally designed Bond Bloc development. Spanning 543 sqm* and complemented by 4 on-Title car spaces, this premium warehouse/office is offered as a securely leased investment, underpinned by a long-term tenant and strong rental growth profile - well suited to investors targeting a c. 5.5%–6% yield profile.

Leased to Mechanical Electrical Controls Pty Ltd, the property benefits from a 5 + 3 year lease commencing 1 June 2026, returning $85,000 p.a. + GST & outgoings, with fixed 4% annual increases and a three (3) month security bond—delivering immediate income certainty and long-term upside. Designed with both functionality and presentation in mind, the unit features a well-balanced warehouse-to-office ratio, high internal clearance, and quality finishes throughout—making it highly desirable from both an operational and investment perspective.

Tenancy Details:
- Leased investment to established tenant Mechanical Electrical Controls Pty Ltd
- 5 year lease with 3 year option from 1 June 2026
- $85,000 p.a. net return + GST & outgoings
- 4% fixed annual increases
- 3 month security deposit

Key Features:
- Total building area: 543 sqm*
- 4 on-Title car spaces
- High-clearance warehouse with container-height roller door
- Modern office component with excellent natural light
- Brand new construction with premium finishes throughout
- Secure, gated boutique development of just eight (8) units
- Direct access to major arterials including Mordialloc Freeway, Nepean Highway & Eastlink
- Ideal for investors seeking circa 5.5%–6% yield
- Depreciation benefits

POINT OF VIEW:

A tightly held bayside asset delivering secure income from day one—where premium design meets proven tenancy in one of Melbourne’s most consistently performing industrial precincts.

*Approx.
Pricing excludes GST

* Exemption from Future Duty: Once a property enters the new scheme, no further stamp duty is payable upon subsequent sales, provided it remains in commercial/industrial use. All parties should make their own enquiries.