PRIME HIGHWAY INVESTMENT
Description
Conjunctional agents Crabtrees Real Estate and Savills are excited to offer 152-158 South Gippsland Highway, Dandenong South VIC to the market For Sale via Expressions of Interest closing Thursday 1st December at 4pm.
This highway fronting quality freehold industrial investment is leased to national tenant Clark Equipment on a new 5-year lease returning $598,850 pa net with annual 4% increases.
A highly versatile industrial facility incorporating corporate offices, this asset includes high clearance factory/warehouse, gantry crane capabilities and low site coverage providing extensive hardstand.
The factory warehouse area of 3,755 sqm* features excellent clearance with a height minimum 9.6 metres springing to 10.4 metre at ridge, is accessed via four (4) container height roller doors (2 at the front and 2 at the rear) and provides full truck drive through capabilities.
The extensive concrete and crushed rock paved hardstand to the rear of the facility provides drive around and drive through access with surplus container set down / hardstand area and low site coverage of 35%.
Tenancy Details:
+ Leased to national tenant Clark Equipment
+ Returning $598,850 pa net
+ Renewed 5-year lease as of 1st October 2022
+ Annual 4.00% increases
+ No options or further terms from 2027
Key Features:
+ Building Area of 4,367 sqm*
+ Site Area of 12,630 sqm*
+ Warehouse of 3,755 sqm*
+ Ground floor office of 306 sqm*
+ First floor office of 306 sqm*
+ 10 tonne crane capacity over two bays
+ Low 35% site coverage
+ Large rear yard
+ Concrete hardstand & compacted crushed rock
+ Drive around access
+ Four (4) container height roller doors
+ 600-amp approximately power supply
+ High pressure mains gas available
+ Permitted covered wash bay with triple interceptor trap
+ Highway exposure
+ Generous car parking
Prominently located on South Gippsland Highway this facility provides impressive exposure and excellent access to the Monash Freeway, Greens Road, Dandenong Bypass, Princes Highway and EastLink.
Expressions of Interest closing Thursday 1st December at 4pm.
Terms: 10% Deposit balance 60/90/120 days
For further information or to arrange a private inspection please exclusive marketing agents.
This highway fronting quality freehold industrial investment is leased to national tenant Clark Equipment on a new 5-year lease returning $598,850 pa net with annual 4% increases.
A highly versatile industrial facility incorporating corporate offices, this asset includes high clearance factory/warehouse, gantry crane capabilities and low site coverage providing extensive hardstand.
The factory warehouse area of 3,755 sqm* features excellent clearance with a height minimum 9.6 metres springing to 10.4 metre at ridge, is accessed via four (4) container height roller doors (2 at the front and 2 at the rear) and provides full truck drive through capabilities.
The extensive concrete and crushed rock paved hardstand to the rear of the facility provides drive around and drive through access with surplus container set down / hardstand area and low site coverage of 35%.
Tenancy Details:
+ Leased to national tenant Clark Equipment
+ Returning $598,850 pa net
+ Renewed 5-year lease as of 1st October 2022
+ Annual 4.00% increases
+ No options or further terms from 2027
Key Features:
+ Building Area of 4,367 sqm*
+ Site Area of 12,630 sqm*
+ Warehouse of 3,755 sqm*
+ Ground floor office of 306 sqm*
+ First floor office of 306 sqm*
+ 10 tonne crane capacity over two bays
+ Low 35% site coverage
+ Large rear yard
+ Concrete hardstand & compacted crushed rock
+ Drive around access
+ Four (4) container height roller doors
+ 600-amp approximately power supply
+ High pressure mains gas available
+ Permitted covered wash bay with triple interceptor trap
+ Highway exposure
+ Generous car parking
Prominently located on South Gippsland Highway this facility provides impressive exposure and excellent access to the Monash Freeway, Greens Road, Dandenong Bypass, Princes Highway and EastLink.
Expressions of Interest closing Thursday 1st December at 4pm.
Terms: 10% Deposit balance 60/90/120 days
For further information or to arrange a private inspection please exclusive marketing agents.
features
- Air Conditioning
- Car Parking - Surface
- High Clearance
- Kitchenette
