677 Springvale Road, Mulgrave, VIC 3170

Industrial | Offices

For Sale FOR SALE BY EOI CLOSING THURSDAY, 8 AUGUST AT 4PM

  • Property ID: 339017
  • Floor Area: 12157m²
  • Land Area: 22500m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
INNER SOUTH EAST MULTI TENANTED ESTATE

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.
Investment highlights:
- 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.
*approx

Mulgrave Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $4167 $387 9.28%
Offices $3886 $465 11.96%
Industrial --- $131 ---
This is the average advertised price, rent and yield for Mulgrave, VIC 3170*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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  Knight Frank Melbourne

 

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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