522-550 Wellington Road Mulgrave VIC 3170

Factory, Warehouse & Industrial
68,144 m²
Sold

STRATEGIC RARE INFILL 19 HECTARE SITE

19.12 Hectare Site
ASX listed covevant, Woolworths Limited
Potential higher and better use (STCA)

- Site Area 191,200 sqm*
- GLA 68,144 sqm*
- Leased to top 10 ASX listed covenant; Woolworths Limited
- Net passing income $4,704,536
- WALE 3.8 years as at 1 October 2017
- Multiple 5 year options
- Fixed reviews at 2.50% annually
- Situated on an industrial infill allotment adjoining recently developed residential property
- Serves as a national distribution centre and Victorian state head office for Woolworths
- Ideally located for major 'last mile' logistics use
- Excellent access to the Monash Freeway
- Proximity to the Monash University and employment precinct
- High underlying land value

*approx
** Outline indicative only

Expressions of Interest closing Thursday 2nd November 2017 at 3.00pm AEDT

CBRE

Level 34, 8 Exhibition Street

Melbourne, VIC 3000

Property Highlights

Date Sold	3 Nov 2017
Floor Area	68,144 m²
Land Area	19.12 ha
Parking	On site parking available
Property ID	2013899659
Category	Factory, Warehouse & Industrial Development / Land
Last updated

Map for 522-550 Wellington Road Mulgrave VIC 3170

Nearest transport* to 522-550 Wellington Road Mulgrave VIC 3170

Bus

Train

Tram

Ferry

Mulgrave Country Club/Wellington Rd (Wheelers Hill)	129 m
Mulgrave Country Club/Wellington Rd (Mulgrave)	135 m
Brandon Park Dr/Wellington Rd (Wheelers Hill)	204 m
Wellington Rd/Brandon Park Dr (Wheelers Hill)	272 m

*Within a 4km radius

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CBRE

Level 34, 8 Exhibition Street

Melbourne, VIC 3000

Property Highlights

Date Sold	3 Nov 2017
Floor Area	68,144 m²
Land Area	19.12 ha
Parking	On site parking available
Property ID	2013899659
Category	Factory, Warehouse & Industrial Development / Land
Last updated

Co-Agents

Chris O'Brien

CBRE

Call

+61 407 664 233

Rory Hilton

CBRE

Dawkins Occhiuto

More about 522-550 Wellington Road Mulgrave VIC 3170

522-550 Wellington Road Mulgrave VIC 3170 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 68,144 m² and a land area of 19.12 ha. The listing ID for this property is 2013899659.