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522-550 Wellington Road
Mulgrave VIC 3170
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Sold on 3 Nov 2017

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
CBRE
Level 34, 8 Exhibition Street
Melbourne, VIC 3000

Property Highlights

Date Sold3 Nov 2017
Floor Area68,144 m²
Land Area19.12 ha
ParkingOn site parking available
Property ID2013899659
Category
 Factory, Warehouse & Industrial
 Development / Land
Last updated  6 Feb 2024
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
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
 *Within a 4km radius
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The "rollout status" and "service type" can connect to services over the nbn network but may require additional work to be completed first. On rare occasions, some premises cannot be connected.
CBRE
CBRE
Level 34, 8 Exhibition Street
Melbourne, VIC 3000

Property Highlights

Date Sold3 Nov 2017
Floor Area68,144 m²
Land Area19.12 ha
ParkingOn site parking available
Property ID2013899659
Category
 Factory, Warehouse & Industrial
 Development / Land
Last updated  6 Feb 2024

Co-Agents

Chris O'Brien
Chris O'Brien
CBRE
Call
+61 407 664 233
Rory Hilton
Rory Hilton
CBRE
Call
+61 433 130 720
Andrew Dawkins
Andrew Dawkins
Dawkins Occhiuto
Call
+61 419 317 006

Enquire about this property

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            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.

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