Quality Freestanding Investment
222-224 Discovery Road Dandneong South VIC 3175
Key Property Highlights
| Building Area | 1676 sqm |
|---|---|
| Land Area | 2955 sqm |
| Listing Status | Sold |
Cushman and Wakefield are pleased to offer for sale this rare tenanted industrial investment situated at 222-224 Discovery Road, Dandenong South.
The property's location coupled with its strong secure income in a market starved for investment opportunities makes it stand out from all others.
Key investment highlights:
- Passing income of $148,460 pa net
- Four (4) year lease from 1 August 2020
- One (1) further term of three (3) years
- Fixed annual increases of 3.0%
Property features include:
- Land area of 2,955 square metres zoned Industrial 1
- Total building area of 1,676sqm
- Single level office of 228sqm
- Clear-span warehouse of 1,448sqm
- Front and rear loading via three (3) motorised Roller shutter doors
- Canopy covering rear loading area
- Excellent internal height up to 9 metres*
- Secure fencing and motorised gates with on-site security
- Racking included in the sale of the property
Situated on the north west corner of Discovery Road and Columbia Court, the property is seconds from Frankston-Dandenong Road providing access to Greens and Thompsons Road, 35km south east of the Melbourne CBD. The property is surrounding major occupiers including Rondo, L’Oreal, Ozito, Woolworths among others.
The property is being offered for immediate private sale.
Please contact exclusively appointed agents at Cushman and Wakefield for further information or to arrange a private inspection.