 Asset Class: | Industrial |
 Price: | $ 2782500 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<p class="mb-4">Presenting a rare opportunity to secure a blue-chip industrial investment at 12 Osburn Street, Wodonga. This strategic asset features a significant 5,295 sqm landholding with an 862 sqm modern facility, currently leased to BOC Limited – a subsidiary of global industrial giant Linde plc.</p><p class="mb-4">The property has just secured a fresh 5-year lease renewal in August 2024, building upon approximately 20 years of continuous occupation by the same tenant. This demonstrates exceptional tenant stability in a tightly held industrial market.</p><p class="mb-4">Offering an attractive 6% net yield on the purchase price of $2,782,500, this investment delivers solid returns with minimal landlord expenses. The tenant covers council rates, water, sewerage, land tax and garden maintenance, creating a low-maintenance investment proposition.</p><p class="mb-4">The property features excellent drive-around access with dual entry points, high-clearance warehousing, and upgraded amenities – all maintained to exacting standards. The generous land size also provides significant future development potential.</p><p class="mb-4">Further enhancing the location's appeal is its proximity to established national brands including Middy's Electrical (adjacent), Bunnings Warehouse, Reece Plumbing and Tradelink – creating a robust commercial ecosystem that underpins long-term value.</p>
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<p>Wodonga stands as a critical junction on Australia's national freight and logistics network, strategically positioned to service both Victoria and New South Wales. The combined Albury-Wodonga region boasts a <strong>population exceeding 100,000</strong> with projected growth of <strong>24.2% by 2036</strong>.</p> <p>The region generates an impressive <strong>$9.24 billion in annual economic output</strong>, with key sectors including manufacturing, logistics and healthcare. This economic vitality is supported by substantial government investment, with <strong>$130 million allocated to local infrastructure and economic development</strong>.</p> <p>Transport connectivity is exceptional, with direct access to the Hume Freeway, Murray Valley Highway and national rail network. The location offers convenient access to major capitals: <strong>300km to Melbourne, 560km to Sydney and 222km to Canberra</strong>.</p> <p>The immediate area features several prominent national brands, including Middy's Electrical (adjacent to the property), Bunnings Warehouse, Reece Plumbing and Tradelink – establishing a robust commercial ecosystem that enhances long-term investment appeal.</p>
Additional Location Information File<p class="mb-4"><strong>BOC Limited has maintained continuous occupation at 12 Osburn Street for approximately 20 years</strong>, with a fresh 5-year renewal executed in August 2024. This exceptional tenure demonstrates both the suitability of the premises and the tenant's commitment to the location.</p><p class="mb-4">Founded in 1886 as Brin’s Oxygen Company, BOC has evolved into one of the most established and recognized names in the global gas industry. <strong>The company entered the Australian market in 1935 </strong>under the name Commonwealth Industrial Gases (CIG), later rebranded to BOC Limited, marking nearly a century of operations in the region.</p><p class="mb-4">As a leading provider of industrial, welding, and medical gas solutions across Australia and New Zealand, BOC brings substantial commercial credibility. It operates a wide-reaching national footprint with numerous production plants, depots, and offices, servicing critical industries and infrastructure.</p><p class="mb-4"><strong>BOC is a wholly owned subsidiary of Linde plc</strong> — one of the world’s largest industrial gas companies, listed on the <strong>New York Stock Exchange (NYSE: LIN)</strong>. This ownership provides exceptional financial security, underpinned by a multibillion-dollar global parent with a robust balance sheet.</p><p class="mb-4">The tenant's commitment to sustainability aligns with modern investment themes. BOC has publicly committed to reducing its carbon emissions and driving innovation in energy efficiency — positioning itself as a forward-thinking tenant well-aligned with long-term ESG-focused investment strategies.</p>
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<p class="mb-4">This investment presents an attractive <strong>6% net yield</strong> based on the purchase price of <strong>$2,782,500</strong>.</p><p class="mb-4">The property generates <strong>$175,000 + GST in annual rent</strong>, with the next CPI adjustment scheduled for August 2025. After deducting landlord expenses, the net effective income is <strong>$166,950 p.a. + GST</strong>.</p><p class="mb-4">The tenant covers significant outgoings including:</p><ul class="bullet-list"><li><p class="mb-4">Council Rates: $10,000</p></li><li><p class="mb-4">Water & Sewerage: $1,100</p></li><li><p class="mb-4">Land Tax: $2,700</p></li><li><p class="mb-4">Garden Maintenance: $1,500</p></li></ul><p class="mb-4">Owner costs are comprising of the following:</p><ul class="bullet-list"><li><p class="mb-4">Property Management: $7,000</p></li><li><p class="mb-4">Annual ESM Inspection: $500</p></li><li><p class="mb-4">Safe Roof Access Certification: $550</p></li></ul><p class="mb-4">This cost structure creates a low-maintenance investment with strong cashflow and minimal landlord responsibilities.</p>
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<p class="mb-4">Address | Total size (NLA) | Rent $/sqm<br></p><p class="mb-4">12A Osburn Street, Wodonga | [5295sqm] 862sqm | $194/sqm<br>421 Townsend Street, Albury | [1979sqm] 396sqm | $429/sqm<br>440 Swift Street, Albury | 305sqm | $199/sqm<br>16 Reiff Street, Lavington | [23600sqm] 380sqm | $199/sqm<br>19 Osburn Street, Wodonga | [1721sqm] 600sqm | $141/sqm</p>
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<ul class="bullet-list"><li><p class="mb-4">Blue-chip tenant – BOC Limited backed by NYSE-listed parent Linde</p></li><li><p class="mb-4">Fresh 5-year lease renewal executed August 2024</p></li><li><p class="mb-4">Impressive 20-year occupation history demonstrating exceptional tenant stability</p></li><li><p class="mb-4">Strong 6% net yield on purchase price of $2,782,500</p></li><li><p class="mb-4">Generous 5,295 sqm landholding with 862 sqm building area and 3000 sqm of usable hardstand</p></li><li><p class="mb-4">Low-maintenance investment with tenant covering key outgoings</p></li><li><p class="mb-4">Excellent drive-around access with dual entry points</p></li><li><p class="mb-4">High-clearance warehouse with modern infrastructure</p></li><li><p class="mb-4">Well-maintained facility requiring minimal capital expenditure</p></li><li><p class="mb-4">Prime position in Wodonga's established industrial precinct</p></li><li><p class="mb-4">Surrounded by national retailers enhancing commercial appeal</p></li><li><p class="mb-4"><strong>Potential eligibility for a 50% Stamp Duty concession - Upfront saving of 80,431</strong></p></li></ul>
