79-81 Wedgewood Road Hallam VIC 3803

Colliers, as exclusive selling agents, are pleased to offer for sale 79-81 Wedgewood Road, Hallam, a high-quality industrial investment located within one of Melbourne's most highly sought after South Eastern industrial markets.

The current lease structure allows flexibility for both investors and owner occupiers to acquire the property, and capitalise on an array of value enhancement strategies.

Investment Highlights

• Secure net passing income of $301,288 ($105/m²) per annum, which is considerably below today's assessed market levels ($135/m²)
• Lease expiry 30th September 2026 with no further options
• Strong annual rental increases equal to the greater of 3.00% and CPI
• 100% of outgoings payable by the tenant (including land tax)

Building Features

• Total Site Area: 5,539m²*
• Total Building Area: 2,868m²*
• Warehouse Area: 2,515m²*
• Ground Floor Office & Amenities: 353m²*
• 3 on-grade roller doors and 1 recessed loading dock
• Two crossovers onto Wedgewood Road and side hardstand running full length of warehouse
• 34* on-site car spaces

The property is in proximity to the South Gippsland Freeway and Hallam South Road which provides toll-free access to the Monash Freeway (M1). Additionally, the Princes Highway provides connection to the Dandenong CBD and broader Dandenong South industrial precinct.

79-81 Wedgewood Road, Hallam is being offered for sale via an expressions of interest campaign closing at 4.00pm (AEDT) Wednesday, 13th November 2024.

For further information please contact the Colliers selling agents.

*Approximate
**Outline indicative only