96 Waterloo Road, Yarragon, Vic 3823

TWO ADJOINING INDUSTRIAL INVESTMENTS | OFFERED TOGETHER

$121,800 p.a.* Rental Income | Separate Titles | 1,280 sqm* Building Area

X Commercial Gippsland is pleased to present 96 & 98 Waterloo Road, Yarragon, two adjoining leased industrial properties offered for sale together.

Prominently positioned on Waterloo Road, parallel to the Princes Highway / M1 corridor, the properties combine functional warehouse accommodation, secure concrete hardstand and the flexibility of two separate titles.

Both properties are leased to TKC Engineering Pty Ltd, trading as Samba Metal Works, generating a combined annual rental income of approximately $121,800 plus GST and outgoings, with the tenant responsible for 100% of outgoings.

KEY PROPERTY FEATURES

/ Two adjoining industrial warehouses offered together  
/ Separate titles with a combined land area of approximately 2,940 sqm  
/ 96 Waterloo Road: approximately 1,416 sqm of land  
/ 98 Waterloo Road: approximately 1,524 sqm of land  
/ Combined building area of approximately 1,280 sqm  
/ Each warehouse approximately 640 sqm, including office accommodation  
/ Industrial 1 Zoning (IN1Z)  
/ Mirror-image warehouse designs with high-clearance steel construction  
/ Office accommodation and amenities within each building  
/ Motorised roller doors and 3-phase power  
/ Fully concreted sites with security gates  
/ Hardstand areas supporting loading and vehicle access  

LEASE & INCOME DETAILS

/ Tenant: TKC Engineering Pty Ltd, trading as Samba Metal Works  
/ 96 Waterloo Road: $61,800 per annum plus GST and outgoings  
/ 98 Waterloo Road: $60,000 per annum plus GST and outgoings  
/ Combined rental income: $121,800 per annum plus GST and outgoings  
/ Tenant responsible for 100% of outgoings  
/ Both leases expire on 20 June 2027  
/ Each lease includes a further 1 Ã- 3-year option  
/ Current use: steel fabrication and ancillary uses  

INVESTMENT OPPORTUNITY

Based on the combined asking price and current passing rental income, the properties reflect an approximate rental yield of 7.38%.

The offering combines an established industrial tenancy with two separately titled assets, providing flexibility for future leasing, occupation or individual disposal, subject to existing lease obligations.

FURTHER INFORMATION

For further information or to arrange an inspection, contact X Commercial Gippsland.

Rory De Polo - 0432 144 224