Strategic Industrial Investment, Leased to Deakin University, Hits the Market

Gross Waddell ICR exclusively presents for sale 154 Highbury Road, Burwood — a premium industrial facility securely leased to Deakin University. The property is owned by a private investor and is being offered to the market for the first time in close to 30 years.

Danny Clark, Michael Gross, and Glenn Ye have been appointed as sole agents to sell the property, with Expressions of Interest closing on Wednesday 21 May 2025.

This Industrial 1 (IN1Z) zoned warehouse and office facility boasts a highly exposed 2,318 sqm* freehold and is tenanted by Deakin University — one of the top universities worldwide. Utilised as the Battery Research and Innovation Hub, the property is in close proximity to Deakin’s main Burwood campus, providing ideal connectivity for their operations.

Danny Clark commented, “Deakin University is an education powerhouse and offers a landlord-favourable net lease with land tax recoverable. It boasts a substantial income of $391,140 net per annum*. This property should attract significant interest from savvy investors looking for high-quality, income-producing investments protected against growing land tax bills.”

Michael Gross adds, “The Battery Research and Innovation Hub comes with an extremely capital-intensive fit-out, custom designed for their operations, and is estimated to have cost close to $8–9 million*. Given the capital expenditure, this makes Deakin University a sticky tenant and important for the upcoming lease options.”

“154 Highbury Road is nestled in a premium location, just minutes from Deakin University’s existing campus and even closer to the proposed Burwood Suburban Rail Loop (SRL) train station. Quality industrial assets in infill locations are extremely hard to find, and the location of 154 Highbury Road further adds to the attractiveness of the property,” adds Glenn Ye.

The property is for sale via an Expressions of Interest closing 3:00 pm on Wednesday 21^st May 2025 at 3pm.

Further details contact:

Danny Clark M: 0448 066 889

E: dclark@gwicr.com.au

Michael Gross M: 0419 355 561

E: mgross@gwicr.com.au

Glenn Ye

M: 0400 880 388

E: gye@gwicr.com.au