The operators of Good Kitchen & Bathroom have sold its Fairfield East headquarters, showroom and warehouse, with a three year leaseback.
Spreading 7147 square metres, 34-38 Lisbon Avenue (pictured, top) is trading for $9.625 million.
The property includes two buildings with a total of 6359 sqm of area.
The vendor occupies the bulk of it.
“The sale is the biggest we’ve seen in Fairfield East this year, while the buyer has secured a long-term income stream through its leaseback,” Ms Joljjan said.
Good Kitchen & Bathroom has two three year renewal options.
The group also operates in Melbourne’s Ravenhall (story continues below).
Goodman secures Century Seating
Meanwhile, Goodman has leased a 1733 sqm office/warehouse in Smithfield, not far from Fairfield East, to Century Seating.
The furniture wholesaler will relocate from Condell Park.
Its new facility, 46/317-321 Woodpark Road – the biggest tenancy in the Smithfield Industrial Estate – is costing net annual rent of about $115-$120 per sqm.
Ms Joljian brokered this deal too.
“Near the Cumberland Highway and M4 Motorway, the property features office space across two floors, a high clearance warehouse and access via two on-grade roller doors,” the agent said.
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