109 Elgar Road,
Derrimut, VIC 3026
Warehouse, Factory & Industrial • Showrooms & Large Format Retail
Price information
Sale
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 Railway Station Ravenhall 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 7 St Leonards Ave (Derrimut) 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
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
For further information or to organise an inspection, please contact the team at Gross Waddell ICR.
*approx.
Property ID: 504706904Last Updated: 26 Nov 2024
Gross Waddell ICR - CommercialLevel 1, 30 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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