Let’s just cut straight to it…

What are we offering? A secure land bank industrial investment leased to one of Australia’s best tenants who have been in occupation since 2013 and signed a new 10 x 5 x 5 year lease in November 2022.

Who is the tenant? Kennards Hire – with circa 324 locations under the Kennards brand across Australia & New Zealand.

What’s the site like? A rare three street frontage warehouse located just on Murphy Street, Richmond – just next to Bridge Road.

Why should we buy? Land, frontage, security of tenant and most importantly future land growth potential.

This is a no brainer long term hold, on a large and rare three street frontage sites, on a long term secure lease to an exceptional tenant. All you have to do it buy today, collect the rent, sit back and watch the land appreciate over the years to come creating generation wealth.

The Details.

• Securely leased to Kennards Hire
• Brand new 10 x 5 x 5 year Lease from November 2024 – original Lease commenced in 2013
• CPI reviews per annum capped at 5% – market at option
• Site 1,517m²
• Building 1,436m²

We’re here to help you find the perfect deal so let’s talk.