1/48 Jersey Road, Bayswater, Vic 3153

For Sale by Expression of Interest, closing Thursday 3 December 2026 at 5 pm

• Fonterra Brands (Australia) has been in occupation for more than 20 years, now part of the Lactalis group
• Net lease with fixed 3% annual increases and options to October 2033
• Approx. 3,389 m²* purpose-built food manufacturing facility with extensive cold storage and production rooms

Cameron offers 1/48 Jersey Road, Bayswater, for sale by Expressions of Interest. The tenant pays 100% of outgoings, including land tax and building insurance, so the income of $307,661 pa + GST from 1 November 2026 is fully net, with fixed 3% annual increases and options to October 2033. The tenant has recently invested approx. $500,000 in the site, underlining its long-term commitment.

The building is a substantial steel-portal-frame warehouse with high internal clearance of approx. 7 m, roller door access and a two-level office and amenities block to the front, comprising a carpeted reception, first-floor offices and a staff lunchroom with lockers. The warehouse houses the tenant’s extensive insulated-panel fit-out, including multiple cold rooms with pallet racking, an airlock cold store entry and food-grade production rooms with sealed floors. The production chamber is serviced with compressed air, hydraulic, steam and water lines.

Set behind a wide shared driveway from Jersey Road, the property enjoys generous line-marked car parking and sits moments from Mountain Highway, with EastLink close by. Fonterra also occupies the adjoining 13/46 Jersey Road and 4/56 Malvern Street, making this site the centre of its Bayswater operations.

Property features

• Building area approx. 3,389 m²* on Lot 1, which holds 74.5% of the owners corporation entitlements
• Steel portal frame with high clearance of approx. 7 m
• Three-phase power and refrigeration plant servicing the cold rooms
• Two-level offices with reception, meeting area and staff lunchroom
• Insulated-panel cold rooms, production rooms and racking throughout (tenant’s fit-out)
• Roller door access with internal loading area
• Generous line-marked parking and wide shared driveway
• Industrial 1 Zone, City of Knox

Tenancy information

• Tenant: Fonterra Brands (Australia) Pty Ltd
• Annual rent: $307,661 net + GST from 1 November 2026 (tenant pays outgoings)
• Term: 3 years from 1 November 2024, expiring 31 October 2027
• Options: two further terms of 3 years, to October 2033
• Reviews: fixed 3% annually; market review at each option, within 95–105% of the passing rent
• Security: $99,924 cash security bond
• Rental trajectory: Nov 2024 $290,000 | Nov 2025 $298,700 | Nov 2026 $307,661 | Nov 2027 option term, market review

Expression of Interest closes Thursday 3 December 2026 at 5 pm.

An Information Memorandum is available on request, and inspections are strictly by appointment given the tenant’s food production operations.