Building 3, 148 Highbury Road, Burwood
New lease to long-standing tenant, Videocraft Australia
Investment properties like this one don’t come along every day. For a start, this showroom/office/warehouse is located in an exclusive enclave in Burwood, in Melbourne’s inner east. The prestigious business estate in Highbury Road is part of a small commercial precinct in a largely residential area and is close to the main campus of Deakin University.
The property is securely leased to Videocraft, an Australian-owned company with a 50-year record as a leading supplier to the media industry. Among other tenants in the complex is a research facility of Deakin University. A feature of the property is abundant off-street car parking with easy access from both Highbury Road and a wide rear right-of-way.
The impeccably maintained property consists of a spacious showroom and high-clearance warehouse on the ground floor with modern first floor offices above. The current owner has recently upgraded the air conditioning system. As a result, the property offers a “set and forget” investment with minimal capital expenditure required.
With a new five-year lease commencing in November 2024 and a further five-year option, this would be an outstanding foundation for or addition to a significant property portfolio.
Key features:
> Building area 795 sqm*
> High-clearance warehouse plus showroom & offices
> Excellent staff facilities
> Rental $159,000pa net
> Leased for 5 + 5 years from 1/11/24
> Abundant off street car parking
Location:
> Easy access to Monash Freeway (M1) and major arterials
> Close to Deakin University’s main campus
> 18 km to Melbourne CBD
For Sale by Expressions of Interest closing 2pm Tuesday 3 June 2025
For more details contact Matt Hoath 0418 543 714.
*Approx.
