75 South Gippsland Highway Dandenong South VIC 3175

CBRE, in conjunction with Savills, are pleased to offer 75 South Gippsland Highway, Dandenong South, for sale via Expressions of Interest closing Thursday 29 August 2024 at 5pm AEST.

The property represents a scarce 3.83 hectare* hardstand logistics facility, which is being sold with a short-term lease expiring in June 2026 with no further options. There is significant potential for positive rental reversion in excess of 65%, with further scope for value-add and redevelopment options in the short term.

The site boasts a prominent South Gippsland Highway frontage of 170 metres* and is strategically located in one of Australia's most premier and established logistics precincts 32 km* from Melbourne's CBD and 6 km* from the future Dandenong South Intermodal Freight Terminal.

Highlights include:
- Total site area: 38,344 sqm*
- Functional industrial improvements with a GLA of 3,400 sqm*
- Concrete hardstand: 10,000 sqm*
- Crushed rock hardstand: 24,500 sqm*
- Extensive frontage: 170 m*
- Multiple crossovers to South Gippsland Highway
- Short-term passing income of $958,839^ per annum
- Commercial 2 Zone

For Sale via Expressions of Interest closing Thursday 29 August 2024 at 5pm AEST.

*approx.
^ assuming CPI increase of 4% YoY took place 30th June 2024