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677 Springvale Road Mulgrave VIC 3170

  • Industrial / Warehouse
  • 12,157 m²
  • For Sale, FOR SALE BY EOI CLOSING THURSDAY, 8 AUGUST AT 4PM

INNER SOUTH EAST MULTI TENANTED ESTATE

  • $1,730,000 P.A.* FULLY LEASED NET INCOME
  • 22,500 SQM TOTAL SITE AREA
  • STRATEGIC INNER SOUTH EAST LOCATION

Knight Frank & CBRE are pleased to offer the opportunity to purchase this exceptional multi tenanted estate offering flexibility and diverse cash flow.

The investment comprises a significant 22,500 sqm land holding and is well located in Mulgrave, the premier business precinct.

The site features modern warehouse and office accommodation across 7 buildings.

Investment highlights:

- Flexible multi tenanted infill estate of 12,157 sqm
- Major tenant HRL Limited (35% by income)
- WALE of 3.1 years as at 30 September 2019
- Passing income of $1,286,148 per annum
- Fully leased net income of c. $1,730,000 per annum
- Substantial land holding of 2.25ha
- Future long term development potential (STCA)
- Situated in the tightly held infill precinct of Mulgrave
- Ideally suited to last mile logistics
- Located within the Monash Technology precinct
- Within proximity to the demographic centre of Melbourne
- Excellent road connectivity to Monash Freeway, Wellington, Dandenong and Ferntree Gully Roads and EastLink
- Future benefit from the proposed Westall Road extension
- Proximity to amenities including Monash University, Monash Medical Centre, Brandon Park Shopping Centre
- Proximity to one of Australias most innovative Technology hubs featuring the Melbourne Synchrotron, CSIRO, Monash University, Melbourne Heart Hospital

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING
THURSDAY, 8 AUGUST AT 4 PM (AEST)

For further information or to arrange an inspection, please contact the exclusive agents, Knight Frank or CBRE.

*approx

Address677 Springvale Road Mulgrave VIC 3170
ZoningSUZ6 - Special Use Zone (SUZ) Schedule 6
CouncilMONASH CITY
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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Property Highlights

Property ID2015424547
Floor Area12,157 m²
Land Area2.25 ha
EnergyAsk Agent
ParkingAsk Agent
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  8 Jul 2019
Map for 677 Springvale Road Mulgrave VIC 3170
Knight Frank - Melbourne
Level 29, 120 Collins Street Melbourne VIC 3000

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