INVESTOR HAT-TRICK: EXPOSURE, TENANTED, FUTURE FLEXIBILITY.
POINT OF INTEREST:
A proposition so appealing that one tenant snapped up the whole building. The total building size spans 797 sqm*, and it has been cleverly structured for two self-contained floors for leasing separately or together. The ground floor measures 529 sqm*, divided into a nicely fitted office, showroom and clever warehousing with rear roller door access. There’s a reception and waiting area, partitioned and open-plan spaces and a kitchen. The first floor is predominantly modern open-plan office space, with 268 sqm* also including three large partitioned offices, a boardroom, and a full-size kitchen. There are also seventeen allocated car spaces.
The whole building has been leased to Mills Freight Group Pty, since 2021, on a renewed two-year agreement with an additional two-year option, commencing on the 24th of July 2024. They’re paying $142,823.55 per annum with a 3% annual increase and a market review at the option date.
The connecting link between the Monash Highway and Dandenong Road, Wellington Road is no sleepy thoroughfare — this spot boasts over 20,000* passing vehicles each day and has Middy’s, Mazda, and Coates Rental Hire on its run sheet. The Eastlink is just over 5 km* away, the Monash is 1.5 km*, and Princes Highway is about the same in the opposite direction.
- Established tenant; Mills Freight Group Pty Ltd - who have occupied since 2021.
- $142,823.55 in total leasing income per annum.
- 2 year term from 24th July 2024, with 2 year option.
- 797 sqm* total building area comprising two fully self-contained floors.
- 529 sqm* ground-floor office, showroom and warehouse.
- 268 sqm* first-floor offices area.
- Container height rear roller door access.
- 17 allocated car spaces.
- Special use zoning - Schedule 6.
- Fronting Wellington Road with 20,000* passing vehicles daily.
- 1.5 km* to the Monash and Springvale Road intersection.
- 5.8 km* to the Eastlink.
POINT OF VIEW:
One tenant, two separate leasing options, and over 20,000* passing commuters daily — this is the investor’s royal flush for lucrative future asset options. Play your cards right by giving up the poker face and calling us.
*Approx.
Pricing excludes GST