OUTSTANDING INDUSTRIAL LANDBANK WITH CASHFLOW TO 2027 PLUS OPTIONS TILL 2033

Vinci Carbone and Collins Commercial & Industrial are privileged to be able to offer for sale this substantial industrial freehold of over 2.374 hectares with an enormous frontage of 166 metres* located within the well-established industrial precinct of Dandenong South.

Key highlights:

• 23,740 sqm* of Industrial 1 zoned land with over 166 metre frontage to Greens Road.
• Substantial industrial facility of 8,970 sqm* plus three (3) residential dwellings.
• Fully leased to Spacecube Pty Ltd returning $598,856 pa* plus GST (as at 1 September 2023) plus additional income from three (3) residential dwellings of $43,176 pa*. Total combined passing rent of $642,032 pa*.
• Six year lease to Spacecube Pty Ltd expiring 31 August 2027 plus further options till 2033.
• Ample on-site car parking.
• Ideal opportunity to capitalise on future rental growth and future development upside.

Prominent position as the property forms part of an established industrial hub which is occupied by a number of well-known brands including Aldi Distribution Centre, Tip Top Bread, Emergent Cold, Amcor, Scania, Nissan, Penrite Oil and many more.

Property provides excellent access to major arterials in South Gippsland Freeway, EastLink, Dandenong Bypass and Monash Freeway allowing for direct access to Melbourne’s major national trade routes.

For Sale by Expressions of Interest closing Thursday 10 August at 4pm

*approx