3/328-330 South Gippsland Highway Dandenong South VIC 3175

Cameron is excited to market this rock-solid investment with excellent fundamentals and great exposure to South Gippsland Highway. The contemporary, fully refurbished showroom/warehouse is leased on a 5x5-year term. The tenant is a progressive Melbourne-based company supplying a full range of imported spas and swim spas, with this being their second Victorian outlet. Their premium product is very well received by the local market.

One of only three units, each with direct exposure to South Gippsland Highway, the property has long been used as a retail store with a solid occupation history.

The property enjoys double-height glass windows across the entire frontage and was designed to be more than just a warehouse. The signage exposure and access are excellent, and they can be enjoyed from both directions of South Gippsland Highway.

In a new condition, the presentation of the overall offering needs to be seen to be appreciated, with a perfect floor plan complementing the functionality of the occupier.

Tenant Details:
Tenant: Hot Spring Melbourne Pty Ltd
Term: 5 years commencing 1/08/2023
Options: 5 years
Annual Rental: $93,850 plus GST plus outgoings (excluding land tax)
Annual Reviews: 4.25%
Security: Equivalent to 6 months rental plus personal guarantees

Key features:
- Modern showroom: 190sqm
- Office/amenities: 135sqm
- Warehouse/storage: 180sqm
- Total building area: 505sqm
- Permitted storage mezzanine : 90sqm (in addition to overall 505m2)
- Minimum warehouse clearance: 7.5 metres
- Container height roller door
- 3-Phase power supply
- Natural Gas connected to the property

Call now for documentation or an inspection of this excellent asset.