109 Elgar Road,
Derrimut, VIC 3026
Warehouse, Factory & Industrial • Showrooms & Large Format Retail
Price information
Sale - Expression of Interest
Contact Agent
Key property information
Floor area
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$176,856
Number of Tenants
1 Tenant
Tenants / Type
La Tortilleria
Private inspections
to arrange a private inspection.
Gross Waddell ICR - Commercial
Level 1, 30 Collins StreetMELBOURNE, VIC 3000
109 Elgar Road
Derrimut, VIC 3026
Map of 109 Elgar Road
Train stations within 5 km of 109 Elgar Road, Derrimut, VIC 3026 Distance Deer Park 1.4 km Ardeer 2.6 km Caroline Springs Station 4.1 km Ginifer Station 4.7 km Albion Station 4.7 km POWERED BY HERE ©Bus stops within 5 km of 109 Elgar Road, Derrimut, VIC 3026 Distance Ripley CLHammerwood Ave 189 m Chatsworth AveHammerwood Ave 218 m Sheryn StHammerwood Ave 289 m St Leonards Ave 451 m 12 Hammerwood Ave 464 m POWERED BY HERE ©
POWERED BY HERE ©
Expansive Warehouse/ Showroom Facility With Short-Term Holding Income
- Main road exposure
- High clearance warehouse
- Upcoming lease expiry
Gross Waddell ICR is pleased to offer for sale 109 Elgar Road, Derrimut, positioned in one of Melbourne's most sought-after industrial zones renowned for its strategic location and excellent connectivity. Boasting short-term holding income to March 2025, the property provides unparalleled potential for an owner occupier or savvy investor to lease out post lease expiration.
• High profile warehouse/ showroom within a tightly held industrial and showroom precinct
• Strategic landholding of 1,970 sqm* with a flexible Industrial 1 Zoning (IN1Z)
• Catering for a high clearance warehouse/ food manufacturing facility with a total building area of 1,645 sqm*
• The facility is currently a food processing facility featuring a well-designed layout optimised for efficient workflow
• Short-term holding income returning $176,856 net* per annum, providing further rental reversion at lease expiration
• Existing lease expiry on 31st March 2025 and no further options
• Ideal connectivity with easy access to Western Freeway, Ring Road and Princes Freeway
• Meters to an abundance of retail and lifestyle amenity including Derrimut Village Shopping Centre and Deer Park train station
The property if for sale via Expressions of Interest closing at 3:00 pm on Wednesday the 13th of November 2024. For further information or to organise an inspection, please contact the team at Gross Waddell ICR.
*approx.
• High profile warehouse/ showroom within a tightly held industrial and showroom precinct
• Strategic landholding of 1,970 sqm* with a flexible Industrial 1 Zoning (IN1Z)
• Catering for a high clearance warehouse/ food manufacturing facility with a total building area of 1,645 sqm*
• The facility is currently a food processing facility featuring a well-designed layout optimised for efficient workflow
• Short-term holding income returning $176,856 net* per annum, providing further rental reversion at lease expiration
• Existing lease expiry on 31st March 2025 and no further options
• Ideal connectivity with easy access to Western Freeway, Ring Road and Princes Freeway
• Meters to an abundance of retail and lifestyle amenity including Derrimut Village Shopping Centre and Deer Park train station
The property if for sale via Expressions of Interest closing at 3:00 pm on Wednesday the 13th of November 2024. For further information or to organise an inspection, please contact the team at Gross Waddell ICR.
*approx.
Property ID: 504706904Last Updated: 12 Nov 2024
Gross Waddell ICR - CommercialLevel 1, 30 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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