An extraordinary investment opportunity awaits along the bustling Wickham Road in Moorabbin. On offer are three individually titled freehold properties-239, 243, and 245247 Wickham Road-being sold together to form a commanding industrial landholding with an expansive frontage of approximately 92 metres.
Located within one of Melbourne's most tightly held commercial and industrial precincts, these properties present an exceptional opportunity for investors, developers, and land bankers. Whether you seek immediate income, future development potential, or long-term capital growth, this offering delivers on every front.
239 Wickham Road
This property occupies approximately 1,091sqm, with a 733sqm industrial facility currently leased to Mimbo Trading Pty Ltd, returning $120,000 per annum net. The lease, which commenced in February 2023 for a 3-year term with two further 2-year options, provides flexibility and ongoing income security. Six on-site car parks complete the offering, ensuring ample parking. The site also offers strategic repositioning potential as the lease is currently on a month-to-month arrangement.
243 Wickham Road
The largest of the three titles, this property spans approximately 2,000sqm of land and 1,584sqm of building area. Leased to Rexel, a national tenant, it returns $185,000 per annum net. The lease commenced in December 2022 for three years, with two further 3-year options. Ten on-site car parks provide easy access for staff and clients. This site offers a secure income stream and significant upside as the precinct evolves.
245247 Wickham Road
On a 1,176sqm land area, this property features 400sqm of building space leased to Europcar, returning $69,192 per annum. The current 5-year lease commenced in October 2020 and expires in 2025, offering the opportunity to explore new leasing terms or reposition the asset. With wide street exposure and excellent access, this site is ideal for a variety of industrial or commercial uses.
Total Land Area: 4,416sqm (approx.)
Total Building Area: 2,706sqm
I acknowledge that this advertisement provides information as a guide only. Zed Real Estate does not verify the data and makes no claims regarding its accuracy. Buyers are to perform their own due diligence. Images and floorplans are to scale and created based on the photographers' best knowledge.
