12-14 Prospect Pl, Boronia, Vic 3155

Savills as exclusive selling agent is pleased to present 12-14 Prospect Place, Boronia VIC, for sale via Expressions of Interest closing Thursday 27 February 2025 at 4:00pm (AEDT). 

A state-of-the-art logistics facility presenting to an excellent standard having been constructed in 2016 and well maintained since completion. 

The improvements comprise a two level corporate office fronting Prospect Place with attached high clearance warehouse with total GLA of 2,526sqm* excluding loading canopies. 

The warehouse is constructed of full height precast concrete panel, considered highly desirable for future tenants, occupiers, security and depreciation benefits. 

Owner occupation is possible with no further options under Lease from 2029. 

Key Investment Highlights
- Internal clearance height springing to 11* metre
- Multi-national tenant Whites Powersports 
- Two on grade roller shutter doors with cantilever loading canopies
- Two level corporate office 
- Renewed 5 year lease expiring December 2029 
- Annual 3.00% increases
- Significant future rental reversion potential with the current net passing income 20%* below the assessed market levels

Location Overview
The property is located in the tightly held industrial and logistics precinct of Boronia, 30kms* east of the Melbourne CBD. Situated on the southern side of Prospect Place, the property commands a 64m* frontage to the final regular shaped allotments at the Prospect Place court bowl. 

Eastlink located 7kms* for the property provides express access to Eastern and South-Eastern suburbs while linking with the Eastern Freeway North bound to connect to Melbourne CBD. 

North-East Link scheduled to complete in 2028 will further enhance the assets connectivity, linking the Eastern suburbs to M80 Metropolitan Ring Road.

For further information or to arrange an on-site inspection, please contact the sales & marketing agents at Savills. 

*All areas are approximate.
Outlines Indicative Only

Net passing income: $343,980 ($136/sqm)
Net market income: $415,000 ($165/sqm)