344 New Cleveland Road

Acquired in 2022 as part of a mandate from an investor seeking a long-WALE asset in a tightly-held industrial precinct leased to a AAA-Rated covenant. Being a triple-net lease structure and being refurbished throughout in 2019 and 2021, along with an extension, this asset provides a passive, maintenance-free income stream with above-average rent reviews. Being on a large landholding in an industrial precinct that is being gentrified into residential and retail/showroom purposes, the long-term strategy provides multiple exit options to redevelopment or conversion of rent from industrial to office/showroom.

This freestanding building features 6,149m² of lettable area.