590 Benetook Avenue Mildura VIC 3500

Professionals are pleased to offer for sale this State-of-the-Art Industrial Warehouse complex, which may be one of the finest long-term freehold Institutional Grade investments available in Australia.
Properties of this calibre very rarely come onto the market and offers the astute investor the opportunity to acquire the securely tenanted complex with significant income and direct street frontage to the major Melbourne, Sydney & Adelaide arterials.
Located in the City of Mildura, one of the fastest growing regional centres in Australia - often referred to as the Food Bowl of Australia, this property is situated in the heart of the Mildura's Industrial sector and comprises a modern logistics facility. Constructed in 2019, however is in "as new" condition it incorporates a single level office complex and two high clearance clear span warehouse chambers with extensive hardstand areas, fencing and landscaping.
The property can be further developed with a stand-alone office complex already approved by council, noting also that there is scope to add more warehousing to the project with council approval.

Key features:
* Total land area of 4.046 hectares
* 2 titles
* Gross Lettable area of 10,237m2
* Comprising: - Office 262m2, Warehouse 9,437m2, Cool Store 538m2
* Canopy 1,636m2
* Hardstand 10,400m2
Lease Schedule:
* 10 year term - Commenced 1.07.2019
* Further 1 x 10 year term
* Commencing rental of $1,125,000pa + GST
* Current rental $1,235,000pa + GST
* Annual rental review - 3%pa fixed increases
* Outgoings paid by tenant
The tenant is one of the largest privately owned logistics companies in Australia, established in 1980, utilising robotic warehouse management systems.
Contact Tony Roccisano on 0418 502 101 for a detailed Information Memorandum or to arrange an inspection of this impressive property.

Property Features

• 3 Phase Power
• Air Conditioning
• Loading Dock