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1 England Street
Dandenong South VIC 3175
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1 England Street Dandenong South VIC 3175

  • Factory, Warehouse & Industrial
  • 1,270 m²
  • Commercial Auction

New 5 Year Net Lease to 2029 With Land Tax Recoverable | Industrial Investment in Booming South East

    Burgess Rawson are pleased to offer to the market Rangedale Group at 1 England Street, Dandenong South VIC for sale by Investment Portfolio Auction 173.

    The property has the following key investment highlights:

    + Brand new five (5) year net lease to Rangedale Drainage to August 2029 with one (1) further five (5) year option to 2034.
    + Rangedale Group: National drainage services company with 12 locations on the east coast, with over 350 vehicles in the fleet. (1)
    + Fixed, compounding 4% annual rent increases ensuring rental growth.
    + Attractive, landlord favourable net lease structure with the tenant responsible for all usual outgoings including land tax.
    + Significant 1,270sqm* industrial facility including office, warehouse, hardstand and up to 40 car spaces on-site.
    + Prime 3,648sqm* freehold site with highly sought Industrial 1 Zoning (IN1Z).
    + Commanding 116m* corner frontage and exposure to Abbotts Road/England Street servicing 17,800 vehicles passing daily. (2)
    + Strategically positioned with accessibility to major arterials including Dandenong Valley Highway, Eastlink and South Gippsland Highway/Freeway.
    + Position perfect within the tightly held pocket of the Dandenong South industrial precinct surrounded by premier tenants including Amazon and Aldi as well as Goodman's $100 million Eumemmerring Business Park. (3)
    + Tightly held industrial area as Urban Property Australia research estimates that Melbourne industrial vacancy rate currently stands at 2.0% as at September 2024, the Southeast region is even lower at 1.5% vacancy rate. (4)
    + City of Greater Dandenong: Home to 164,484 people, expected to increase by 15.4% to 189,891 by 2036 (5) supporting 114,506 jobs with an annual economic output of $57.2 billion. (6)
    + Net Income: $300,000 pa* + GST

    For Sale by Investment Portfolio Auction 173
    10:30am AEDT Wednesday 11 December 2024
    River Room, Crown Casino, Melbourne

    *Approx
    1 Rangedale Group
    2 GapMaps
    3 Sydney Morning Herald
    4 Urban Property Australia
    5 Victoria in Future 2023
    6 REMPLAN

    Auction date and time11/12/2024 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Floor Area1,270 m²
    Land Area3,648 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019635768
    Category
    Last updated  13 Nov 2024
    Map for 1 England Street Dandenong South VIC 3175
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Floor Area1,270 m²
    Land Area3,648 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019635768
    Category
    Last updated  13 Nov 2024

    Co-Agents

    Matthew Wright
    Burgess Rawson VIC Pty Ltd
    Call
    0458 290 588
    Burgess Rawson VIC Pty Ltd
    Call
    0417 308 067
    Burgess Rawson VIC Pty Ltd
    Call
    0475 454 431

    More about 1 England Street Dandenong South VIC 3175

    1 England Street Dandenong South VIC 3175 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 1,270 m² and a land area of 3,648 m². The listing ID for this property is 2019635768.

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