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169 Princess Highway, Bairnsdale, Vic 3875

169 Princess Highway, Bairnsdale, Vic 3875

Industrial/Warehouse

  • For Sale
  • Contact Agent
  • Expression of Interest

30 year Triple Net Leases – Iconic Brand

  • 30 year WALE on a Triple Net Basis
  • Fixed rental growth of 3.0% p.a.
  • Commencing income of $3,050,000 p.a.

  • Land Area
  • 21.77ha (53.79 acres) (approx)
  • Floor Area
  • 23,791 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 14, 2021

Additional Details


Interested in this property? Contact an Agent today

JLL - Melbourne

Level 40, 101 Collins Street

Melbourne Vic 3000

Adrian Rowse, JLL - Melbourne
Adrian Rowse
Tony Iuliano, JLL - Melbourne
Tony Iuliano

30 year Triple Net Leases – Iconic Brand

JLL Capital Markets Industrial & Logistics team is pleased to offer for sale an exceptional investment opportunity of scale for two Australian manufacturing facilities which underpin the national and global operations of iconic Australian brand, Patties Foods. The assets are both located within Victorian at 28-46 Bald Hill Road, Pakenham and 169 Princes Highway, Bairnsdale.
 
Patties Foods group is the largest pie manufacturer in the world, producing some of Australia’s most famous household and market leading brands, including Four’N Twenty, Patties, Herbert Adams, Boscastle, and Nanna’s. Originally established in 1966, Patties provides a long and rich history within the Australian food manufacturing landscape and now proudly employ over 1,000 staff across Australia and New Zealand.

Key Investment Highlights for 169 Princes Highway, Bairnsdale include:
 
• Long Lease to Iconic Australian Food Manufacturer in Patties Foods
• Significant 30 year WALE structured on a Triple Net basis
• Fixed rental growth of 3.0% p.a. providing a strong running yield
• Commencing income of $3,050,000 p.a. with 100% occupancy
• Patties Foods budgeted

169 Princess Highway, Bairnsdale, Vic 3875

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