91-97 Woodlands DriveBraeside VIC 3195
Property Details for 91-97 Woodlands Dr, Braeside
Last Listing description (June 2023)
JLL is pleased to exclusively present for sale 91-97 Woodlands Drive, Braeside.
Strategically positioned in the premier Bayside Industrial pocket just 25 kilometres Southeast of the Melbourne CBD, Braeside provides outstanding access to several key arterials, including the Dingley Bypass, Eastlink (M3), Nepean Highway and Mornington Peninsula Freeway (M11). Additional thoroughfares such as Lower Dandenong Road and Boundary Road provide direct access to residential catchments, positioning Braeside as a strong last-mile location.
Key details of the opportunity include:
Offered with a WALE of 18.2 years providing investors with long-term income security and a strong running yield.
Passing annual net rental of $694,340 is considered in line with current market rent.
Powerful 440kW solar system generating approximately 575,000 kW hours of clean energy annually.
Highly functional existing improvements across two office warehouse buildings, both occupied by a strong food services tenant.
The combination of elevated occupier demand and subdued new stock delivery has seen rental growth across Melbourne precincts average 21%* over the past year.
91-97 Woodlands Drive, Braeside is part of a two-asset portfolio that includes 2-10 Bliss Court, Derrimut. The assets are available individually or in one line via an International Expression of Interest campaign closing Wednesday, 26 July at 3pm (AEST).
*Approx.
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Key details of the opportunity include:
Offered with a WALE of 18.2 years providing investors with long-term income security and a strong running yield.
Passing annual net rental of $694,340 is considered in line with current market rent.
Powerful 440kW solar system generating approximately 575,000 kW hours of clean energy annually.
Highly functional existing improvements across two office warehouse buildings, both occupied by a strong food services tenant.
The combination of elevated occupier demand and subdued new stock delivery has seen rental growth across Melbourne precincts average 21%* over the past year.
91-97 Woodlands Drive, Braeside is part of a two-asset portfolio that includes 2-10 Bliss Court, Derrimut. The assets are available individually or in one line via an International Expression of Interest campaign closing Wednesday, 26 July at 3pm (AEST).
*Approx.
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Property History for 91-97 Woodlands Dr, Braeside, VIC 3195
- 22 Dec 2023Sold for $12,500,000
- 27 Jun 2023Listed for Sale Contact Agent
- 30 Sep 2019Sold for $9,500,000
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0About Braeside 3195
The size of Braeside is approximately 8.5 square kilometres. It has 6 parks covering nearly 44.2% of total area. The population of Braeside in 2011 was 10,186 people. By 2016 the population was 6 showing a population decline of 99.9% in the area during that time. The predominant age group in Braeside is 10-19 years. Households in Braeside are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Braeside work in a managers occupation. In 2011, 86.5% of the homes in Braeside were owner-occupied compared with 40% in 2016.
Braeside has 1,649 properties. Over the last 5 years, Houses in Braeside have seen a 30.25% increase in median value, while Units have seen a 25.53% increase. As at 31 October 2024:
- The median value for Houses in Braeside is $1,554,848 while the median value for Units is $991,485.
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