1 England Street Dandenong South VIC 3175

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)
+ First year rental increase of 8.3% plus favourable average rental increases of 6% throughout the initial term generating a huge 26% compounding uplift.
+ 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 $58.2 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