Knight Frank & CBRE are pleased to offer the opportunity to purchase this exceptional multi tenanted estate offering flexibility and diverse cash flow.
The investment comprises a significant 22,500 sqm land holding and is well located in Mulgrave, the premier business precinct.
The site features modern warehouse and office accommodation across 7 buildings.
- Flexible multi tenanted infill estate of 12,157 sqm
- Major tenant HRL Limited (35% by income)
- WALE of 3.1 years as at 30 September 2019
- Passing income of $1,286,148 per annum
- Fully leased net income of c. $1,730,000 per annum
- Substantial land holding of 2.25ha
- Future long term development potential (STCA)
- Situated in the tightly held infill precinct of Mulgrave
- Ideally suited to last mile logistics
- Located within the Monash Technology precinct
- Within proximity to the demographic centre of Melbourne
- Excellent road connectivity to Monash Freeway, Wellington, Dandenong and Ferntree Gully Roads and EastLink
- Future benefit from the proposed Westall Road extension
- Proximity to amenities including Monash University, Monash Medical Centre, Brandon Park Shopping Centre
- Proximity to one of Australia’s most innovative Technology hubs featuring the Melbourne Synchrotron, CSIRO, Monash University, Melbourne Heart Hospital
FOR SALE BY EXPRESSIONS OF INTEREST CLOSING
THURSDAY, 8 AUGUST AT 4 PM (AEST)
For further information or to arrange an inspection, please contact the exclusive agents, Knight Frank or CBRE.