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196 Colchester Rd 33,551 SF Industrial Building Bayswater North, VIC 3153 For Sale
Investment Highlights
- Modern industrial facility offering 3,117 m² versatile improvements on 6,051 m² of site area.
- Robust net passing income of $575,000 p.a. with 3% annual fixed increases, supporting income stability and growth.
- Exceptional industrial infill location underpinned by limited future supply and strong demand fundamentals.
- Established tenant covenant with Design Sheet Metal, an industry-recognized operator.
- Equipped with crane infrastructure, catering to specialized manufacturing applications.
- Prominent exposure via substantial Colchester Road frontage in a last-mile logistics position.
Executive Summary
Colliers, on behalf of Cor Cordis, acting as agent for the Mortgagee, is proud to present for sale 196 Colchester Road, Bayswater North, a high-quality industrial investment in one of Melbourne’s most established and sought-after eastern logistics precincts. This property delivers immediate secure cash flow combined with long-term growth potential in an area characterized by chronic land supply shortages.
The site spans 6,051 m² and is improved with a modern 3,117 m² manufacturing and warehouse facility, featuring crane capacity for heavy lifting and operational versatility across a range of industrial uses. Anchored by an established tenant covenant, Design Sheet Metal, the asset is supported by a substantial net passing income of $575,000 per annum, with fixed annual increases of 3%, ensuring predictable income growth.
Strategically benefiting from ~36 metres of frontage to Colchester Road, the property offers strong exposure alongside excellent connectivity to Canterbury Road, Dorset Road, and major arterial networks for metropolitan freight distribution and last-mile delivery. With only nine similar-sized vacancies and approximately 55 hectares of zoned industrial land available across the Eastern Industrial Market, supply scarcity continues to drive rental rate escalation and capital value outperformance in this corridor.
The site spans 6,051 m² and is improved with a modern 3,117 m² manufacturing and warehouse facility, featuring crane capacity for heavy lifting and operational versatility across a range of industrial uses. Anchored by an established tenant covenant, Design Sheet Metal, the asset is supported by a substantial net passing income of $575,000 per annum, with fixed annual increases of 3%, ensuring predictable income growth.
Strategically benefiting from ~36 metres of frontage to Colchester Road, the property offers strong exposure alongside excellent connectivity to Canterbury Road, Dorset Road, and major arterial networks for metropolitan freight distribution and last-mile delivery. With only nine similar-sized vacancies and approximately 55 hectares of zoned industrial land available across the Eastern Industrial Market, supply scarcity continues to drive rental rate escalation and capital value outperformance in this corridor.
Property Facts
| Sale Type | Investment | Lot Size | 1.50 AC |
| Sale Condition | Distress Sale | Rentable Building Area | 33,551 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Manufacturing | Tenancy | Single |
| Building Class | B | No. Drive In / Grade-Level Doors | 5 |
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 1.50 AC |
| Rentable Building Area | 33,551 SF |
| No. Stories | 1 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 5 |
Contacts
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Billy Kanakis -
Daniel Telling -
Richard Wilkinson -
Colliers Melbourne CBD - 367 Collins
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196 Colchester Rd
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