666 Whitehorse Road, Mitcham, VIC 3132

Industrial | Showrooms | Retail

Sold

  • Property ID: 441421
  • Floor Area: 407m²
  • Land Area: 1324m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 27/03/2024 407m2 1324m2 Contact Agent
100% Leased Corner Freehold Commercial Building in Growth Precinct with Value-add

Stonebridge Property Group is pleased to present 666 Whitehorse Road, Mitcham offered for sale via Public On-site Auction.

666 Whitehorse Road is a 100% leased corner freehold office/ showroom/warehouse in the Mitcham growth precinct.

The key highlights of the property include:

- 100% leased to a highly experienced steel fabrication company - 'Ormand Steel Pty Ltd', which commenced on 20th May 2023 with 1 x 2-year option

- Fixed annual rental increase of 3%

- Commercial 2 zoned 1,324 sqm* corner landholding providing for a range of future extension and/or potential development options (STCA)

- Existing improvements of 407 sqm* building comprise well-presented office/showroom with large windows, rear warehouse featuring roller door access, and 2 large car parks accommodating 13 cars

- Expansive street presence with a combined frontage of 73 m* to Whitehorse Road and Monomeeth Drive, allowing for significant development efficiencies and/or retail activation

- Various surplus land may allow lightweight construction of an extension and/or additional building (STCA)

- Positioned to benefit from the amenity in Mitcham and neighbouring retail precinct only a short distance to Mitcham Badminton (500 m*), Antonio Park Playground (350 m*), Mitcham Train Station (1 km*), Mitcham Shopping Centre (1.1 km*), and Eastland Shopping Centre (2.5 km*)

- Strategically connected to Mitcham’s neighbours via major arterial roads including Maroondah Highway/Whitehorse Road and Eastlink (Toll Road), and accessible bus stops within walking distance (50 m*)

666 Whitehorse Road provides an opportunity to purchase a secure large corner office/showroom/warehouse with upside potential in an exponential growth precinct.

666 Whitehorse Road, Mitcham is for sale Public On-site Auction Wednesday 27th March at 2:30pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Dylan Kilner
0459 396 341

Max Warren
0488 296 892

Chao Zhang ??
0411 625 068

*Approximately

Property Code: 894

Mitcham Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $6410 $260 4.05%
Retail $6410 --- ---
Industrial $6250 $194 3.10%
This is the average advertised price, rent and yield for Mitcham, VIC 3132*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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.

Property Detail Notes:

  • 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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