Prime industrial investment with excellent frontage and exposure to Whiteside Road, approximately 1km south of Clayton Shopping Centre, 23 kilometres south east of Melbourne CBD.
The property occupies approximately 3.972 hectares of prime industrial 1 zoned land held on two titles having a substantial frontage of 246.95 metres to Whiteside Road with multiple access points along Whiteside road.
Improvements comprise two level corporate offices, warehouse accommodation, excellent onsite car parking and perimeter security fencing.
The tenant CSR Building Products Limited (ASX Listed Company) is a recognised leader in Australia for building products with household names such as Gyprock, Viridian and Bradford insulation to name a few.
Leased to an excellent tenant with a 7.86 year WALE across two titles, with strong annual rent reviews and high under lying land value, this property is an ideal secure investment with potential for future rezoning.
- Leased to CSR Building Products Limited (ASX Listed Company)
- WALE of just under 8 years
- Returning $1,574,157 per annum
- Total building area of 24,534 square metres*
- Significant land holding of 39,720 square metres adjoining residential
- Held in two certificates of title with combined frontage of 247 metres*
- 23km* south east of Melbourne CBD, 1km* south of Clayton Railway Station
- Currently zoned Industrial 1 under the Kingston Planning Scheme
The property is situated within the tightly held and highly regarded suburb of Clayton South, approximately 23 kilometres south east of the Melbourne Central Business District, within the city of Kingston.
Positioned on the north side of Whiteside Road the property enjoys prominent frontage and exposure.
Whiteside Road runs directly off Clayton Road and provides direct access to the Monash freeway approximately 3.5 kilometres north of the property, connecting with all major arterials.
The Monash Freeway provides a direct link with Melbourne Central Business District and Melbourne Airport, via CityLink. Monash Freeway connects directly with Eastlink, providing an alternate link to the CBD and easy access to the southern and eastern suburbs of Melbourne.
Clayton strip shopping centre is located approximately 1 kilometre north of the property providing excellent amenity for local work force.
For Sale via Expressions of interest closing Thursday 4 May 2017 4.00pm.