522-550 Wellington Road,
Mulgrave, VIC 3170
Warehouse, Factory & Industrial • Development Sites & Land
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Map of 522-550 Wellington Road
STRATEGIC RARE INFILL 19 HECTARE SITE
- 19.12 Hectare Site
- ASX listed covevant, Woolworths Limited
- Potential higher and better use (STCA)
- Site Area 191,200 sqm*
- GLA 68,144 sqm*
- Leased to top 10 ASX listed covenant; Woolworths Limited
- Net passing income $4,704,536
- WALE 3.8 years as at 1 October 2017
- Multiple 5 year options
- Fixed reviews at 2.50% annually
- Situated on an industrial infill allotment adjoining recently developed residential property
- Serves as a national distribution centre and Victorian state head office for Woolworths
- Ideally located for major ‘last mile’ logistics use
- Excellent access to the Monash Freeway
- Proximity to the Monash University and employment precinct
- High underlying land value
*approx
** Outline indicative only
Expressions of Interest closing Thursday 2nd November 2017 at 3.00pm AEDT
- GLA 68,144 sqm*
- Leased to top 10 ASX listed covenant; Woolworths Limited
- Net passing income $4,704,536
- WALE 3.8 years as at 1 October 2017
- Multiple 5 year options
- Fixed reviews at 2.50% annually
- Situated on an industrial infill allotment adjoining recently developed residential property
- Serves as a national distribution centre and Victorian state head office for Woolworths
- Ideally located for major ‘last mile’ logistics use
- Excellent access to the Monash Freeway
- Proximity to the Monash University and employment precinct
- High underlying land value
*approx
** Outline indicative only
Expressions of Interest closing Thursday 2nd November 2017 at 3.00pm AEDT
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Property ID: 502579190Last Updated: 6 Feb 2024
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