22-28 Bond St 6,491 SF Industrial Building Sale, VIC 3850 For Sale

22-28 Bond Street represents an outstanding industrial investment offering secured income and long-term tenant stability. Anchored by **Lawrence & Hanson—a global electrical wholesaling leader and subsidiary of the Sonepar Group—this property offers unmatched covenant strength coupled with compelling property fundamentals.
Occupying approximately 603 m² on 1,235 m² of land, the site enjoys dominant frontage to Bond Street, quality improvements including a new roof, and functional warehousing layout with generous access points. The tenant’s continuous occupancy since 1989 demonstrates enduring locational relevance and business viability. The recently executed 5-year lease commencing February 2025 extends guaranteed income through to 2030, with a further 5-year option available.
With a secure net income of $72,048 p.a. + GST and all outgoings fully recoverable, this asset provides a low-maintenance, income-focused solution for passive investors, while zoning flexibility (C1Z) future-proofs the holding for potential mixed-use or higher-order commercial projects (STCA). Rarely do investment opportunities combine such long-term tenancy assurance with underlying land value in a growing regional hub.