Overview

RWC is pleased to present this prime commercial investment opportunity located at 22-28 Bond Street, Sale. This property is currently tenanted by Lawrence & Hanson, a reputable company that has occupied the premises since 1989, ensuring a reliable income stream from day one.

Lawrence & Hanson is part of the global Sonepar Group, a leading electrical wholesaler with a strong local presence and operations in over 40 countries. The tenant has recently renewed their lease for an additional five years starting February 2025, with an option to extend for another five years, providing income security until at least February 2030.

The property generates a current income of $72,048 per annum plus GST, with all outgoings recoverable from the tenant, resulting in a stable net return supported by a blue-chip covenant.

This well-maintained property features a new roof and an enhanced set-down area, benefiting from a wide 30-meter frontage and a total land area of approximately 1,235 square meters.

Key highlights of the property include:

• Total building area of 603 square meters
• Total land area of 1,235 square meters
• Long-term tenant since 1989
• New five-year lease from February 2025 with a five-year option
• Strong street presence with a wide frontage
• Located in a Commercial 1 Zone (C1Z)

This is a high-quality, low-risk commercial investment opportunity, supported by a long-term tenant and a strong income growth profile.

For further information, please contact the exclusive selling agents.

Location