ISSUE 192 | JUNE 2026 | 02 9630 8000 | PAGE 10 Barry Cawthorn: 0417 288 975 Robert Ally: 0413 758 658 If this is something that you would also like to receive please feel free to contact Have you seen our new edition of Simply search ‘Bawdens’ on YouTube. Subscribe to our YouTube • Stay informed • Find out what transactions we have just completed • Be up to date with the current market offerings Website Enquiry Real Commercial Commercial Real Estate Google Other 36% 12% 29% 23% BAWDENS NEWS YLEASED BY Heavy Duty Fabrications heavies up in Smithfield Heavy Duty Fabrications has secured a refurbished freestanding industrial facility at 12 Long Street, Smithfield. The company has committed to a 5 + 5-year lease over a secure warehouse with substantial power supply, totalling 927m². The transaction was completed at the asking rental of $172,000 per annum net, reflecting $186 per square metre + outgoings & GST. The transaction was successfully negotiated by Bawdens Director, Terry Saba and Sales & Leasing Executive, Rohit Kumar. BAWDENS ASSET MANAGEMENT Asset Management – Lease Audits and Negotiations Senior Asset Manager Tracy Le has successfully negotiated a new lease structure that delivers a materially improved outcome for the landlord, addressing longstanding concerns around rent return and recovery of outgoings. The longstanding lease had been transitioned from father to son and was heavily weighted in favour of the tenant, being a gross rental with the recovery of water usage. Tracy estimated outgoings to be $40,000 per annum, leaving the landlord at a significant loss and absorbing a cost burden that was not aligned with market conditions. Through detailed negotiation and repositioning of the lease terms, Tracy secured a 14% increase in net rental, achieving $86,680 per annum net plus GST, reflecting a rate of $220 per square metre. Importantly, the lease has been restructured to a fully net arrangement, with the tenant now responsible for 100% of outgoings. This new lease effectively realigns the asset with market standards, improving the owner’s net return while maintaining tenant continuity. This outcome once again highlights the importance of proactive asset management in auditing leases and strategic negotiation in unlocking value, particularly where legacy lease structures no longer reflect market realities. EOI South Granville 483m2approx. Modern Multi-Level Warehouse • Flexible configuration for diverse use • Strategic location • Rare three-level versatile space • Additional 3 underground garage storage • 2 parking spaces + ample customer parking Rishad Kharadi: 0405 732 041
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