An exceptional last mile opportunity situated in Melbourne’s coveted south-eastern suburb of Mulgrave, just 23 kilometres* south-east of the Melbourne CBD.
This offering represents a rare chance to acquire a substantial 4.11 hectare* site, including 1.8 Ha* of surplus land, in one of Melbourne’s most tightly held and densely populated areas. The property’s future redevelopment potential makes it an opportunity not to be overlooked.
Adding to its appeal, the property is fully leased to long-term tenant Renold Australia, a subsidiary of a London Stock Exchange listed company. With a net passing income of $854,890 per annum* (including signage rent to Citizen Outdoor) and a 2.6-year* WALE, it provides an impressive holding income while development options are explored. There is also potential for the tenant to extend their term.
Key features of the offering include:
*approx.
An exceptional opportunity to secure a long-term leased industrial investment underpinned by its high underlying land value and redevelopment potential.
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An exceptional chance to acquire a meticulously renovated freehold property offering a range of untapped possibilities.
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