Building 3, 12 Castles Drive, Torquay, VIC 3228

Industrial | Offices | Showrooms

Sold

  • Property ID: 449430
  • Floor Area: 194m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 15/11/2024 194m2 N/A Contact Agent
Industrial Landholding Leased to Well-Established Global Eyewear Brand – Dragon (subsidiary of global giant Marchon)

Stonebridge Property Group is pleased to present Building 3, 12 Castles Drive, Torquay, for sale via Public On-site Auction.

Key highlights of the property include:



- Leased to Dragon Alliance which is a subsidiary of Marchon Eyewear, with a global presence in over 20 countries, and 2,700 employees worldwide.

- Marchon Eyewear is a global manufacturer and distributor of eyewear and sunglasses. The company markets its products under numerous licensed brand names, including Calvin Klein, Columbia, Converse, DKNY, Donna Karan, Dragon, Ferragamo, Flexon, Karl Lagerfeld, Lacoste, Lanvin, Liu Jo, Longchamp, Marchon NYC, Nautica, Nike, Nine West, Paul Smith, Pilgrim, Pure, Shinola, Skaga, Victoria Beckham and ZEISS.

- Fully leased until May-27, plus one 5-year option with tenant having a substantial customised fitout

- Tilt panel concrete building featuring 194 sqm* of stylish open plan office space, private meeting room, kitchenette, bathrooms, plus a first floor 30 sqm* mezzanine

- Located in tightly held Torquay industrial zoned precinct. As a result, this led to additional warehouse development in the precinct

- Modern commercial fit-out which boasts a high retention rate noting no capital improvements are required

- Dragon Alliance as the trading tenant was established in 1993 in Capo Beach, California. Now with a global reach in Australia and New Zealand specialising in performance sunglasses and snow goggles

- Exceptional Torquay industrial precinct, neighbouring national tenants such as Bunnings, Aldi, mycar Tyre & Auto, Shell, BFT and Petstock

- A location that is well known as the start of the Great Ocean Road, a must-stop destination for visitors and home to surfing enthusiasts

- Immediate access to Surf Coast Hwy (550 m*), Torquay’s retail precinct (2.5 km*), Torquay beach (4.5 km*) and approximately 10 min drive to M1

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Dylan Kilner
0459 396 341

Max Warren
0488 296 892

Chao Zhang ??
0411 625 068

*Approximate

Property Code: 1101

Torquay Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $4124 --- ---
Offices $4124 $417 10.12%
This is the average advertised price, rent and yield for Torquay, VIC 3228*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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