Telstra is putting a small exchange facility on the outskirts of Melbourne up for sale in a sale-leaseback deal.
The Australian telco is putting 12 Lambourne Avenue in Rowville, a residential area of east Melbourne, on the market.
A listing on Real Commercial by GrayJohnson describes a single-story 133 sqm (1,430 sq ft) brick building on a total landholding of 865 sqm (9,310 sq ft). A listing price wasn't included, but RealEstateSource suggests the property could sell for around AU$850,000 (US$587,400).
According to the listing, Telstra is suggesting a lease of up to two years, at AU$22,000 (US$15,200) per year.
“Currently operating as a Telstra facility, the property offers rental returns from settlement and a range of future options,” said the GrayJohnson listing.
After Tesla ends the lease and exits the facility, a single-resident dwelling townhouse could be considered, according to GrayJonson agent Rory White.
Telstra sold one of its core data centers to Centuria in 2020 in an AU$417 million, 30-year sale-leaseback deal, and then sold a Sydney Exchange the same year for AU$281.5 million 10-year sale-leaseback. Also in 2020, the company sold land at the back of an exchange in the Hampton Park area of Melbourne for more than AU$460,000.
Expressions of interest for the Rowville site are to be submitted by March 1st.