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Sold on 23 Jul 2019

420-426 Mount Dandenong Road Kilsyth VIC 3137

  • Development / Land
  • Land Size2 ha
  • PriceSold

Main Road Investment on 2.03Ha Site - Future Development Opportunity.

This substantial fully leased industrial complex prominently positioned, 420-426 Mount Dandenong Road, Kilsyth is now available For Sale Via Expressions of Interest (EOI) Closing on Thursday 20th June 2019 at 3pm.




Offered with a new 5 + 5 year lease to well known, long standing occupier Caprice Paper Products Pty Ltd, incorporating a rental of $454,200 per annum net plus GST together with annual increases of 3%.



Located close to Dandenong Ranges, this outstanding site is surrounded by an array of amenities including Woolworths Kilsyth, Croydon Shopping Centre, Croydon Train Station, Dorset Public Golf Course and Recreation Reserve. Furthermore, the property is within close proximity to Dorset Road, Canterbury Road, Maroondah Highway and the Ringwood Bypass.



Key elements:



- Improvements include offices, amenities, factory/warehouse and sheds totaling 6,402m2* plus canopy 149m2* together with 9,000m2* of hardstand/marshaling area.

- Massive 20,313m2* site area

- 83 metres* of frontage to Mount Dandenong Road

- Substantial capital investment by the tenant Caprice Paper Products Pty Ltd website: www.capricepaper.com.au

- Caprice Paper Products have recently celebrated 30 years of manufacturing and trading

- Outstanding future development / "value add" potential with current low site utilization of 31.5%*

- Potential rezoning to higher use value, subject to planning approval

- Exposure to 18,800 vehicles passing daily



*Approx

Pricing excludes GST.

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EXPRESSION OF INTEREST

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Property Highlights

Property ID2015298560
Date Sold23 Jul 2019
Floor Area6,402 m²
Land Area2 ha
ParkingAsk Agent
Category
Last updated  22 May 2019
Map for 420-426 Mount Dandenong Road Kilsyth VIC 3137
CVA Property Consultants Pty Ltd
18-20 Russell Street Melbourne VIC 3000

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