CBRE, in conjunction with Savills, are pleased to offer 75 South Gippsland Highway, Dandenong South, for sale via Expressions of Interest closing Thursday 29 August 2024 at 5pm AEST. The property represents a scarce 3.83 hectare* hardstand logistics facility, which is being sold with a short-term lease expiring in June 2026 with no further options. There is significant potential for positive rental reversion in excess of 65%, with further scope for value-add and redevelopment options in the short term. The site boasts a prominent South Gippsland Highway frontage of 170 metres* and is strategically located in one of Australia's most premier and established logistics precincts 32 km* from Melbourne's CBD and 6 km* from the future Dandenong South Intermodal Freight Terminal. Highlights include: - Total site area: 38,344 sqm* - Functional industrial improvements with a GLA of 3,400 sqm* - Concrete hardstand: 10,000 sqm* - Crushed rock hardstand: 24,500 sqm* - Extensive frontage: 170 m* - Multiple crossovers to South Gippsland Highway - Short-term passing income of $958,839^ per annum - Commercial 2 Zone For Sale via Expressions of Interest closing Thursday 29 August 2024 at 5pm AEST. *approx. ^ assuming CPI increase of 4% YoY took place 30th June 2024
CBRE - Melbourne
Level 34, 8 Exhibition Street, Melbourne, Vic
Savills - Melbourne
Level 29, South Tower, 80 Collins Street, Melbourne, Vic
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