Corio Quay Road 75, Norlane, VIC, 3214, AU

75-95 & 105 Corio Quay Road, North Geelong

Attributes

Occupancy

100%

Land area gross

3.8 ha

Building area gross

21,302 m²

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, 11^th June 2024 at 4pm (AEST).

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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