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COBURG NORTH
1 Lily Street

480sqm approx. | Enquire Now

Secure Long-Lease Investment with Strong Tenant Covenant

• + 10 year lease
• + Long standing Tenant
• + Corner Location

Ryder Commercial has the pleasure of offering this outstanding investment known as 1 Lily Street Coburg North, underpinned by a solid, long-standing tenant and an exceptionally secure lease profile.

The property comprises a brick factory/warehouse with the following attributes:

+ Corner location
+ Dual roller doors
+ On-site car parking
+ Clearspan with no columns

1 Lily Street, Coburg North presents an outstanding opportunity to acquire a tightly held metropolitan investment underpinned by a solid, long-standing tenant and a new 10-year lease commencing September 2024, with further options.
The property is occupied by a well-known manufacturer of cakes and pastries, operating under an underlease arrangement and providing a strong, established income profile. The lease includes fixed annual rental increases, delivering predictable income growth throughout the term.
Importantly, the current rental is considered below prevailing market rates, offering reversionary upside and long-term capital growth potential.
Located within a proven industrial precinct, this is a rare opportunity to secure a low-risk, high-quality investment with long-term income security and future upside.

For further details or to inspect please contact David Gibellini on 0419 473 504.

* Inspections strictly by appointment only

Location