Long Term Lease - Core Location

38-40 Elliott Road, Dandenong, Victoria 3175

Industrial For Sale

For Sale
Land Area: 8,388.00 m2.    Floor Area: 4,783.00 m2.    

Description

Colliers International and Killen Thomas are pleased to offer the opportunity to purchase a fully leased property to Australian Aluminium Finishing Pty Ltd at 38-40 Elliott Road, Dandenong South, Victoria, Australia.

The property comprises a land holding of some 8,388m² which is situated to the southern side of Elliott Road, featuring an attractive lease covenant to Australian Aluminium Finishing Pty Ltd and situated in the well regarded south-eastern industrial precinct of metropolitan Melbourne.

Key selling points include;
• 100% leased to Australian Aluminium Finishing Pty Ltd on a recently renewed 6 + 5 + 5 year lease expiring 31 January 2022.
• Attractive lease covenant, with tenant having plants nationally within Victoria, New South Wales and Queensland.
• 5.7* year WALE (as at May 2016).
• Passing rental of $375,000 p.a. plus GST plus outgoings.
• Lease provides for fixed annual 3% rental increases, with market review upon exercise of option term.
• Strategic south-eastern industrial location with excellent connectivity to major roads and key infrastructure.
• Quality industrial improvements totalling 4,780m²* with internal clearances ranging from approximately 6.5 metres* to 8.25 metres*.
• Land holding of 8,388m².
• Industrial 1 zone under the Greater Dandenong Planning Scheme.
• Historically low interest rate environment.
• Distinct lack of investment grade assets currently being offered to the market.

*approx

The property is being offered for sale via Expressions of Interest closing Thursday 9 June 2016 at 4.00pm.

For further information or to arrange an inspection please contact the exclusive selling agents.

Features

  • Fully leased until January 2020
  • National tenant with long site history
  • Secure net rental with fixed increases
  • Total office / warehouse: 4,780m²

Specifications

Council City of Greater Dandenong
Zoning Industrial zone 1

Map

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