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120-124 Merrindale Drive Kilsyth VIC 3137

  • Factory, Warehouse & Industrial
  • 4,310 m²
  • Expressions of Interest

Rare Investment with scale in the last mile logistics location of Kilsyth

  • Significant Passing Income of $431,000*
  • WALE of 2.2* Years By Income
  • Fixed 3% Rental Increases

Colliers is pleased to exclusively offer for sale this major industrial tenanted investment to the market offering scale, secure income and upside which is becoming an increasingly rare proposition in Melbourne's highly sought-after core eastern and last mile location of Kilsyth.

The property is fully leased to Mondelez International with significant passing income of $431,000 p.a net and a 2.2* Year WALE by income offering fixed rental increases of 3%.

Located within the prestigious 'Merrindale Estate' this building has been impeccably maintained and presents in a sophisticated condition and comprises a modern climate-controlled office/warehouse with significant concrete hardstand area.

Property Features Include
- 3,480m² warehouse area
- 700amps of power
- Loading dock and on-grade Roller Shutter Door.
- 830m² office area contains both open and partitioned areas, with lunch and changing rooms

The site is located just under 30km's East of Melbourne CBD and is well serviced by major arterials including Dorset Road, Mountain Highway, Canterbury Road and Eastlink.

This is a rare opportunity to purchase an industrial investment in a time when there is very limited supply of investment grade tenanted industrial assets available in the market.

Expressions of Interest closing Wednesday, June 30th at 4pm

Please contact your exclusively appointed agents below to request an Information Memorandum or arrange an inspection

EXPRESSION OF INTEREST

Closing date and time30/06/2021 16:00
Recipient nameAsk Agent
Delivery addressAsk Agent
Jonathan Mercuri
Colliers International | Melbourne East
Jonathan Mercuri
Colliers International | Melbourne East
Daniel Telling
Colliers International | Melbourne East
Daniel Telling
Colliers International | Melbourne East

Property Highlights

Property ID2017022456
Floor Area4,310 m²
Land Area1 ha
Parking73 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  17 Jun 2021
Map for 120-124 Merrindale Drive Kilsyth VIC 3137
Map for 120-124 Merrindale Drive Kilsyth VIC 3137120-124 Merrindale Drive Kilsyth VIC 3137
Jonathan Mercuri
Colliers International | Melbourne East
Jonathan Mercuri
Colliers International | Melbourne East
Daniel Telling
Colliers International | Melbourne East
Daniel Telling
Colliers International | Melbourne East

Property Highlights

Property ID2017022456
Floor Area4,310 m²
Land Area1 ha
Parking73 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  17 Jun 2021
Colliers International | Melbourne East
Chadstone Tower One Level 7, 1341 Dandenong Road Chadstone VIC 3148
Jonathan Mercuri
Colliers International | Melbourne East
Jonathan Mercuri
Colliers International | Melbourne East
Daniel Telling
Colliers International | Melbourne East
Daniel Telling
Colliers International | Melbourne East
Jonathan Mercuri

Jonathan Mercuri

Colliers International | Melbourne East

Daniel Telling

Daniel Telling

Colliers International | Melbourne East

+61 *** ***
+61 401 693 450

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