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97 Greens Road
Dandenong South VIC 3175
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Sold on 21 Aug 2023

97 Greens Road Dandenong South VIC 3175

  • Factory, Warehouse & Industrial
  • 8,970 m²
  • Sold

OUTSTANDING INDUSTRIAL LANDBANK WITH CASHFLOW TO 2027 PLUS OPTIONS TILL 2033

    Vinci Carbone and Collins Commercial & Industrial are privileged to be able to offer for sale this substantial industrial freehold of over 2.374 hectares with an enormous frontage of 166 metres* located within the well-established industrial precinct of Dandenong South.

    Key highlights:

    23,740 sqm* of Industrial 1 zoned land with over 166 metre frontage to Greens Road.
    Substantial industrial facility of 8,970 sqm* plus three (3) residential dwellings.
    Fully leased to Spacecube Pty Ltd returning $598,856 pa* plus GST (as at 1 September 2023) plus additional income from three (3) residential dwellings of $43,176 pa*. Total combined passing rent of $642,032 pa*.
    Six year lease to Spacecube Pty Ltd expiring 31 August 2027 plus further options till 2033.
    Ample on-site car parking.
    Ideal opportunity to capitalise on future rental growth and future development upside.

    Prominent position as the property forms part of an established industrial hub which is occupied by a number of well-known brands including Aldi Distribution Centre, Tip Top Bread, Emergent Cold, Amcor, Scania, Nissan, Penrite Oil and many more.

    Property provides excellent access to major arterials in South Gippsland Freeway, EastLink, Dandenong Bypass and Monash Freeway allowing for direct access to Melbourne’s major national trade routes.

    For Sale by Expressions of Interest closing Thursday 10 August at 4pm

    *approx
     

    Vinci Carbone Property
    Vinci Carbone Property
    L10/100 Collins St
    Melbourne, VIC 3000

    Property Highlights

    Date Sold21 Aug 2023
    Floor Area8,970 m²
    Land Area2.37 ha
    ParkingAsk Agent
    Property ID2018631726
    Category
    Last updated  22 Aug 2023
    Map for 97 Greens Road Dandenong South VIC 3175
    Vinci Carbone Property
    Vinci Carbone Property
    L10/100 Collins St
    Melbourne, VIC 3000

    Property Highlights

    Date Sold21 Aug 2023
    Floor Area8,970 m²
    Land Area2.37 ha
    ParkingAsk Agent
    Property ID2018631726
    Category
    Last updated  22 Aug 2023

    Co-Agents

    Joseph Carbone
    Joseph Carbone
    Vinci Carbone Property
    Call
    0418351316
    Frank Vinci
    Frank Vinci
    Vinci Carbone Property
    Call
    0418375375
    John Gazis
    John Gazis
    Collins Commercial & Industrial
    Call
    0412 312 176
    Marc Roggero
    Marc Roggero
    Collins Commercial & Industrial
    Call
    0418 174 859

    More about 97 Greens Road Dandenong South VIC 3175

    97 Greens Road Dandenong South VIC 3175 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 8,970 m² and a land area of 2.37 ha. The listing ID for this property is 2018631726.

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