Map pinCorio Quay Road 75, Norlane, VIC, 3214, AU

75-95 & 105 Corio Quay Road, North Geelong

75-95 & 105 Corio Quay Road, North Geelong_Property for Sale

Attributes

Occupancy
100%
Land area gross
9.39 acres
Building area gross
229,293 sf

Asset Description

JLL, in conjunction with CBRE, are pleased to offer 75-95 & 105 Corio Quay Road, North Geelong, for sale.


The asset comprises a substantial landholding of 3.8ha* accommodating two warehouse/office facilities providing a total gross lettable area of 21,302sqm*.


Located within the established Northern Geelong Industrial precinct, offering immediate access to the GeelongPort and associated infrastructure.


The fully leased site has a highly functional layout, with full drive around access and ample onsite car parking. The asset is underpinned by a lease to Quiksilver Australia Pty Ltd, a subsidiary of Liberated Brands, a global leader in the sport, outdoor and lifestyle apparel industry including some of Australia’s most highly recognised brands; Roxy, Billabong & Quiksilver. The property generates a passing net income of $2,248,992 per annum* with strong fixed annual increases of 3% and remaining lease term of 7 years.


For Sale via Expressions of Interest closing Tuesday, 11th June 2024 at 4pm (AEST).

...

Investment Highlights

  • Substantial landholding of 3.8ha* with full drive around access and onsite parking
  • Highly functional layout comprising of two warehouses and office facilities providing a total lettable area of 21,302sqm*
  • Fully leased to Quiksilver Australia Pty Ltd, with a passing net income of $2,248,992 per annum*
  • Secure income stream with a WALE of 7 years and further 7+7 year option
  • High exposure site with visibility from Corio Quay Road and the Melbourne/Geelong Railway
  • Directly opposite GeelongPort and the new Spirit of Tasmania terminal
  • Excellent access to Princes Highway and the Geelong Ring Road
75-95 & 105 Corio Quay Road, North Geelong 4_Property for Sale
75-95 & 105 Corio Quay Road, North Geelong 4_Property for Sale
75-95 & 105 Corio Quay Road, North Geelong (0 Properties)

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Last updated
13 May 2024