This prime industrial investment is located in the desirable Dandenong South precinct, offering astute investors an outstanding opportunity. It features a 390m office space across two levels, amenities on both floors and a ground floor lunch areas. This as new building is in exceptional condition has just under 50m of street frontage, secure gates, three 6m-wide roller doors, and a 7.6 - 9.0 metre internal clearance.
Additionally, it includes a large 245m canopy, and 39 on-site parking spaces.
This Freehold Title has a Land area of 4354m2 - Zoned Industrial 1.
Tenant: Aluminium Specialties Group Pty Ltd
Lease: 5 years & 7 months commenced the 6th June 2022.
Further Options: 5 years + 5 Years
Rent: $304,980.00 pa plus GST as of 6th June 2023
Reviews: 4% annual reviews - to market if options exercised.
Outgoings: All those applicable payable by the Tenant
Security: Bank Guarantee equivalent to 4 months Rent plus GST component.
This property is strategically located just off Taylors Road and within close proximity to major road networks..
Enquire at www.faceyproperty.com.au to make your next move.
Terms: 10% Deposit balance 30/60 days
The size of Dandenong South is approximately 29.4 square kilometres. It has 12 parks covering nearly 1.9% of total area. The population of Dandenong South in 2011 was 360 people. By 2016 the population was 171 showing a population decline of 52.5% in the area during that time. The predominant age group in Dandenong South is 50-59 years. Households in Dandenong South are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dandenong South work in a machinery operators and drivers occupation. In 2006, 20% of the homes in Dandenong South were owner-occupied compared with 35.3% in 2011.
Dandenong South has 4,919 properties. Over the last 5 years, Houses in Dandenong South have seen a 16.86% increase in median value, while Units have seen a 26.54% increase. As at 31 October 2024:
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