POINT OF INTEREST:

Private Sale by Closing Date Friday 28th June at 12pm.

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