1/13 Downard StreetBraeside VIC 3195
Property Details for 1/13 Downard St, Braeside
Last Listing description (August 2023)
Gross Waddell ICR and Mindacom Real Estate are pleased to present for sale an exceptional investment opportunity known as Units 1, 8 & 9, 13 Downard Street, Braeside. Situated within a tightly held industrial precinct, this property comes securely leased to a global giant who operators in over 140 countries and offers potential rental reversion upside or future value-add opportunities (STCA).
Securely leased to the highly acclaimed Toro Australia, whose parent company is listed on the New York Stock Exchange
Five (5) year lease plus two (2) further terms of five (5) years commencing on the 1st July 2022
Strategic land holding of 28,560 sqm* with only 58%* site coverage
Favourably zoned Industrial Zone 1 (IN1Z)
Sprawling 16,520 sqm* of building spread across three (3) various warehouse & office facilities
Potential rental reversion or value-add potential at market review or post lease expiration
Tightly held precinct and in close proximity to Moorabbin Airport, DFO Moorabbin, Decathlon, Costco, Mordialloc plus much more
Ideal connectivity being only meters from the Mordialloc Freeway and close to Eastlink
The property is for sale via Expressions of Interest closing at 3 pm on Wednesday 28th of June 2023. For further information or to inspect the property, please contact Gross Waddell ICR or Mindacom directly.
Property History for 1/13 Downard St, Braeside, VIC 3195
- 02 Aug 2023Sold for $23,000,000
- 24 May 2023Listed for Sale Contact Agent
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About Braeside 3195
The size of Braeside is approximately 8.5 square kilometres. It has 6 parks covering nearly 44.2% of total area. The population of Braeside in 2016 was 21 people. By 2021 the population was 25 showing a population growth of 19.0% in the area during that time. The predominant age group in Braeside is 60-69 years. Households in Braeside are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Braeside work in a trades occupation.In 2021, 37.60% of the homes in Braeside were owner-occupied compared with 40.00% in 2016.
Braeside has 1,685 properties. Over the last 5 years, Houses in Braeside have seen a 30.25% increase in median value, while Units have seen a 165.70% increase. As at 31 March 2026:
- The median value for Houses in Braeside is $1,644,889 while the median value for Units is $1,127,916.
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