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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
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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