29 Swan Rd 51,731 SF Industrial Building Morwell, VIC 3840 $3,230,587 ($62.45/SF) 6.17% Cap Rate

This fully leased industrial heavyweight offers investors long-term income security anchored by a globally recognized tenant. The property is currently occupied by SAFETECH, a pioneering Australian manufacturer of dock and lifting solutions with more than four decades of history, now a subsidiary of the international Jebsen & Jessen Group.
The offering features a substantial high-clearance workshop spanning approximately 4,296 m², supported by two 10-ton cranes, one 12.5-ton crane, and a 20-ton crane, ensuring robust operational capacity for heavy industrial use. Complementing the workshop are approximately 360 m² of modern administration offices and 150 m² of workshop offices with additional staff amenities. Positioned on approximately 1.384 hectares of land, the site includes extensive hardstand, secure perimeter fencing, on-site parking, and direct heavy-vehicle access.
The property is under a 10-year lease that commenced on January 1, 2022, with renewal options, providing stable rental income currently assessed at $283,628.26 per annum plus GST, with the tenant responsible for outgoings including land tax on a single holding basis. This investment pairs solid covenant strength with critical infrastructure assets that remain in high demand.