Showroom/warehouse with subdivision flexibility^

GrayJohnson is pleased to offer for sale by expressions of interest this exceptional office/warehouse property in the tightly-held Thornbury industrial precinct. The building is in brand new condition with low maintenance costs and significant depreciation benefits apply. All four units have been leased from day one to the top-of-the-range bicycle manufacturer Bastion Cycles and combined as their showroom, office and warehouse.

The property offers versatile clear span spaces with contemporary glazed façades, high-clearance warehousing and roller shutter door access. The land allotment is a substantial 3,028 sqm* and the prominent corner site enjoys multiple street frontages.

With a 10-year lease in place and rental increases built in, this is an outstanding opportunity for a sophisticated investor to secure a quality property with significant returns in a sought-after inner north location.

The opportunity:
• Total building area 1,367 sqm* across four units
• Long lease: 10 years + 10 years from 1 November 2023
• Rental $241,775 pa net as at November 2025
• Significant landholding of 3,028 sqm*
• Multiple street frontages
• Abundant on-site parking for 30 cars*

The Location:
• Premier commercial and industrial location.
• Easy access to key arterial routes
• 5-minute* drive to the Eastern Freeway.
• 10-minute* walk to Station Street retail strip
• Parklands, sporting facilities and Darebin Creek trail nearby

EOI closing Thursday 30 October @ 2 pm

*approx.
^STPA