JLL is pleased to exclusively offer for sale 120 Merrindale Drive, Kilsyth.
This exceptional climate controlled warehouse is currently occupied by Mondelez International until 31st July 2024. The property is suited to either the astute investor looking to capitalise on the significant rental growth and tail winds in the industrial market or owner occupiers looking to place their business in one of the Eastern markets most desirable and tightly held locations.
Prominently located in the heart of Croydon's industrial precinct, situated just 33km* from the CBD and in proximity to major arterial roads: Dorset Road, Mountain Highway and Eastlink (M3).
The property has significant valuable fit out included with a temperature-controlled warehouse and production area as well as significant power (700amps*) that will make it highly desirable to take advantage of the significant rental uplift. Current vacancy of 4,000sqm+ buildings in Melbourne's South East + East sit at 0.87% ensuring a plethora of potential tenants that will be attracted to this building in what is increasingly becoming a high-tech precinct with numerous medical, food production and engineering occupiers.
Property Highlights:
+ Single storey office area with quality partitioning: 830sqm*
+ High-clearance clear span warehousing area: 3,480 sqm*
+ Total building area: 4,310sqm*
+ Value add opportunity with potential expansion land area of 450sqm (STCA)
+ Significant climate controlled warehouse fit out suitable for production
+ Large power available approx. 700 amps
+ Single recessed loading dock & on-grade roller shutter door
+ Large concrete hardstand apron for excellent truck access and container movements.
+ Abundance of on-site carparking with 76 dedicated spaces
Investment Highlights:
+ Short term income underpinned by Fortune 500 company Mondelez International
+ Ability to add value, reposition STCA^
+ Lease expiring July 2024
+ Low supply and record absorption with 0.87% vacancy for 4,000sqm + buildings in Melbourne's South Eastern + Eastern markets
Contact the exclusive selling agents at JLL for further information including IM, contract documents and building plans.
^Subject to council approval.
*(denotes approx.)
