BRICE IS RIGHT: LONGSTANDING TENANT, ROCK-SOLID RETURNS

Sale Details

Sold on 25 Aug 2025 for $2,750,000

Description

POINT OF INTEREST:

When your tenant’s been in business longer than most super funds, you know your investment is in good hands. Positioned in one of Bayswater’s most tightly held industrial pockets, 11 Holloway Drive offers a rare opportunity to secure a premium-grade freehold investment, underpinned by a nationally established tenant and future rental upside. Set on a 1,500 sqm* Industrial 1 Zoned parcel, the building spans 1,143 sqm* and comprises a versatile two-level office/showroom and high-clearance warehouse. The space is thoughtfully designed with a combination of glass-partitioned offices and open-plan zones, all climate-controlled. With no Owner's Corporation and 11 on-site car parks (including 8 undercroft), the property is happily leased to Brice Australia – a trusted name in commercial kitchen equipment with over 80 years of trading history – on a 3-year lease that commenced 1st July 2025, returning $140,000 per annum plus outgoings (including land tax). With a further 3-year option and a 6-month bond in place, this is an ideal set-and-forget asset for investors seeking reliability and long-term appeal. Strategically located close to Dorset Road, Canterbury Road and Eastlink, the address offers both prominence and connectivity in equal measure.

- Leased to Brice Australia for $140,000 per annum plus outgoings incl. land tax.
- 3-year lease commenced 1st July 2025.
- One further 3-year term with a 6-month bond.
- 1,143 sqm* total freehold building area.
- 1,500 sqm* total land area.
- Industrial 1 zoning.
- 11 on-site car spaces, 8 are undercroft.
- 6.2 km* to the Eastlink and Burwood Highway intersection.
- 1.1 km* to Boronia railway station and Boronia Junction.

POINT OF VIEW:

When your tenant’s outlasted trends, recessions and rivals, you know you’re buying into something solid. Trade in the Owner’s Corp for a future-proofed investment.