730-750 Springvale Road Mulgrave VIC 3170

Dawkins Occhiuto is pleased to present for sale Enterprise Park, Mulgrave, VIC

Enterprise Park is a significant, multi-tenanted industrial and logistics business park located in the Monash Technology Precinct.

Surrounded by some of Melbourne's pre-eminent business parks, the central south eastern location has long been a recognised employment precinct valued for its road linkages and large surrounding workforce catchment.

An exceptional investment with significant future redevelopment potential, the property comprises five freestanding office/warehouses upon a 3.8 Ha* landholding. Fully leased with a 5.45-year* WALE following recent leasing success, the property is anticipated to generate a net income of approximately $2,474,290 p.a.* from commencement of new leases.

Key investment highlights include:

- 3.80 Ha* landholding with significant future development potential
- 19,983 sqm* across five freestanding office/warehouses with broad tenant appeal
- Premium Monash Technology Precinct location with main road frontage and three street frontages totalling 560 metres*
- Flexible Special Use zoning
- A wide range of potential future development outcomes (STCA): Office Park, life sciences, data centre, multi-level warehousing
- 5.5 year* WALE (as at June-22)
- Fully leased and diversified income profile and high quality global, national and local tenants
- Over $3.0m* in current capital upgrades following recent leasing success
- Estimated net income of $2.47m* p.a.
- Fixed and CPI-linked annual rent reviews
* approx.

For Sale via Expressions of Interest closing Thursday, 9 June 2022 at 3.00pm AEST.

For further details please contact Chris Jones or Ben Hegerty of Dawkins Occhiuto.