21-23 Apollo Drive,
Hallam, VIC 3803
Warehouse, Factory & Industrial • Offices
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Zoning
Sold on
Colliers - Melbourne East
Level 7, Chadstone Tower One 1341 Dandenong RdCHADSTONE, VIC 3148
21-23 Apollo Drive
Hallam, VIC 3803
Map of 21-23 Apollo Drive
Quality Office/Warehouse with 5T Cranes, 360amps Power & Yard
- Two x 5T Cranes
- Invest Now, Occupy in 2025
- 2km* from Monash Freeway
Colliers is delighted to bring to market for sale 21-23 Apollo Drive, Hallam. A high-quality office/warehouse that is bursting with additional features perfect for occupiers in the manufacturing industry.
21-23 Apollo Drive, Hallam is offered for sale via Private Sale.
The property is leased until the 25th of October 2025 with no further renewal options. This allows buyers the opportunity to collect over 12 months of rental income and occupy the facility upon lease expiry. Conversely, an astute investor can re-lease the property at the expiry date for a significantly increased rent in line with market values. The passing net rent is $148,121* per annum which is 17% below today’s assessed market rental value of $177,800 per annum. The Lessee pays for all standard outgoings under a Commercial Lease, including Land Tax.
Key Property Highlights:
• Total Site Area: 2,604m²*
• Total Building Area: 1,270m²*
• Warehouse Area: 1,160m²*
• Office Area: 110m²*
• Two x 5 tonne overhead cranes
• 360amps & 3 phase power supply
• Well presented single level offices and reception
• Two on-grade roller shutter doors
• Side and rear hardstand
• Site is securely fenced with electric sliding gates
• 29 on-site car spaces
The property is in proximity to both Hallam South Road and South Gippsland Freeway which provide toll free access to the Monash Freeway.
For more information or to arrange an inspection, please contact the Colliers sales agents.
*Approximate
**Outline indicative only
21-23 Apollo Drive, Hallam is offered for sale via Private Sale.
The property is leased until the 25th of October 2025 with no further renewal options. This allows buyers the opportunity to collect over 12 months of rental income and occupy the facility upon lease expiry. Conversely, an astute investor can re-lease the property at the expiry date for a significantly increased rent in line with market values. The passing net rent is $148,121* per annum which is 17% below today’s assessed market rental value of $177,800 per annum. The Lessee pays for all standard outgoings under a Commercial Lease, including Land Tax.
Key Property Highlights:
• Total Site Area: 2,604m²*
• Total Building Area: 1,270m²*
• Warehouse Area: 1,160m²*
• Office Area: 110m²*
• Two x 5 tonne overhead cranes
• 360amps & 3 phase power supply
• Well presented single level offices and reception
• Two on-grade roller shutter doors
• Side and rear hardstand
• Site is securely fenced with electric sliding gates
• 29 on-site car spaces
The property is in proximity to both Hallam South Road and South Gippsland Freeway which provide toll free access to the Monash Freeway.
For more information or to arrange an inspection, please contact the Colliers sales agents.
*Approximate
**Outline indicative only
Property ID: 504597492Last Updated: 5 Jul 2024
Colliers - Melbourne EastLevel 7, Chadstone Tower One 1341 Dandenong Rd
CHADSTONE, VIC 3148
CHADSTONE, VIC 3148
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
More properties from Colliers - Melbourne East
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
1/19 Technology Circuit,Hallam, VIC 3803 293 m²Warehouse, Factory & Industrial • Offices
Contact Agent
73 Star Crescent,Hallam, VIC 3803 360 m²Warehouse, Factory & Industrial • Development Sites & Land
Contact Agent
1-7 Ausco Place,Dandenong South, VIC 3175 1596 m²Warehouse, Factory & Industrial • Showrooms & Large Format Retail • Other