OVER INDUSTRIAL EXPECTATIONS GOING UNDER THE HAMMER.

Sale Details

Sold on 30 Aug 2023 for $930,000

Description

For sale via Public Auction on Wednesday 30th August 2023 at 12pm.

POINT OF INTEREST:

Dandenong knows industrial, but this industrial unit has more than one prolific side to it — quite literally. Not only is it 558 sqm* of highly sought-after land with a 323 sqm* multi-purpose asset on top, this is a corner position with street frontage to Stephen Road and Rhur Street. Beyond the clever warehousing, there’s a reception/showroom area, air-conditioned office, bonus mezzanine storage, staff amenities, and 4 car spaces on Title. These are all currently being appreciated by a short-term tenant occupying the space until March 2024, providing a rental income of $37,500 per annum. This broadens the target market to not only local (read: astute) investors but owner-occupiers who would appreciate some time to get their ducks in a row. Excellent access to Dandenong’s arterials looks like sitting 2 km* from the Eastlink, 1.5 km* from the South Gippsland Highway, and just 600 m* from the Dandenong Bypass.

- Leasing income of $37,500 per annum + GST + outgoings.
- Short-term lease to March 2024.
- 558 sqm* total land area.
- 323 sqm* total building area.
- Includes 85 sqm* of ground floor office/showroom.
- Additional 85 sqm* of mezzanine storage.
- Industrial 1 zoning.
- Dual roller door access.
- 3 car spaces on Title.
- 2 km* from the Eastlink.
- 600 m* from the Dandenong Bypass.

POINT OF VIEW:

Commercially speaking, a corner site like this gives passersby double the opportunity to double-take. And with a dual-roller door included for incomings and outgoings, good luck comes in twos here.

*Approx.
Pricing excludes GST