Cameron is pleased to offer for sale both penthouse suites at 134 Logis Boulevard, Dandenong South.
Strategically located in the Logis Connect Precinct within the thriving Dandenong South market, this site presents a rare opportunity to secure a prime investment with two A-Grade tenants in a brand new regional office site. Buy one or buy both!!!
The Southeast Melbourne market is hotly contested with prime-grade vacancy currently at an all-time low. The current land market in the south east is severely constrained, limiting the prospect of further commercial development and maximising the capacity to retain tenants long term.
With a 100% occupancy rate of all large office suites within the Logis Connect precinct, Cameron is offering the flexibility to acquire one or both penthouse suites as secure investments, with A-Grade tenants on long term leases. An opportunity not to be missed!
TENANT PROFILE
Bolton Clarke
Bolton Clarke is an Australian-based provider of independent living services through at-home care, retirement living, and residential aged care. The organisation provides a 24-hour home nursing and home care service to people throughout Australia and New Zealand and manages 4,400 residential aged care beds and independent living units.
Fire Rescue Victoria (FRV)
Fire Rescue Victoria operates 85 Fire Stations with full-time staff firefighters, around half of which are in the Melbourne metropolitan area, and the remainder in regional cities and large towns throughout the state. 34 of these stations which are classified as peri-urban and regional stations are co-located with volunteer brigades of the Country Fire Authority (CFA)
LEASES SUMMARY
Lease Summary Bolton Clarke
Tenant: Bolton Clarke
Lease term: 5 Years
Commencement date: 1 June 2021
Further terms: 2 x 5 years
Rental: $410,000pa (Gross)
Annual reviews: 3%
Estimated Outgoings:$60,000pa
Office size: 923sqm
Car parks: 56 (30 internal + 26 external)
Lease Summary Fire Rescue Victoria
Tenant: Fire Rescue Victoria
Lease term: 5 years and 8 months
Commencement date: 1 January 2022
Further terms: 2 x 5 years
Rental: $204,750
Annual reviews: 3% + Market review on the commencement date of each further term
Office size: 631sqm
Car parks: 12 Internal
