RARE FREEHOLD. SECURE INCOME. FUTURE UPSIDE.

Sale Details

Sold on 24 Jul 2026 for $1,550,000

Description

Private sale by closing date - Wednesday 12th August 2026 at 3pm unless sold prior.

POINT OF INTEREST:

Tenanted since 2019, renewed in 2024 for another five years, and with a longstanding reputation that Builds 2 greater security — Florence Street is the investment with due diligence disclosed. The 550 sqm* standalone building sits across a 767 sqm* Industrial 1-zoned landholding with a clear-span warehouse, roller door access, an air-conditioned office, kitchenette, amenities, and on-site parking — a complete and operational industrial package that has been beautifully refurbished, presenting considerably better than the price point suggests. The current passing income is $74,262.84 per annum plus GST and outgoings; the tenant holds a director guarantee and a $17,358.99 security deposit; and the absence of further options beyond the renewed term gives the next owner genuine longer-term flexibility — re-lease, reposition, or occupy at lease expiry without an encumbering option standing in the way. Huntingdale Road and Burwood Highway keep the broader eastern arterial network accessible, and the tightly held nature of Burwood's industrial precinct ensures that standalone freeholds at this price point don't surface with any regularity.

- Leased to Build 2 Pty Ltd.
- Occupying the property since 2019.
- 5 year lease renewed 1st June 2024.
- Returning $74,262.84 per annum plus GST and outgoings.
- Rare Burwood freehold with strong rental upside.
- 550 sqm* standalone building area.
- 767 sqm* land area zoned Industrial 1.
- Clear-span warehouse with roller door access.
- Air-conditioned office, kitchenette and amenities.
- Close to Huntingdale Road, Burwood Highway, and the Monash.

POINT OF VIEW:

Build 2 has been at Florence Street since 2019, renewed without hesitation, and is covering outgoings (excl. Land Tax) — the strongest vendor's statement in Burwood's industrial market is the tenant's own behaviour.

*Approx.
Pricing excludes GST