Unit 1 + 2, 39 Melverton Drive, Hallam, Vic 3803

This property is securely leased with an option term of three years for both properties, with a market review set for June 2025. Based on market dynamics today, we estimate a lift in annual rental circa in the order of $176,275pa. The property offers meeting rooms and is TGA-approved for manufacturing and packaging fragrances and essential oils. The balance of the two warehouses is for contract packaging and labelling.

It is the home of Australian Botanical Products (ABP), and 39 Melverton Drive is where the magic happens. Since 1982, ABP has developed a reputation as one of the leading suppliers of essential oils, carrier oils, raw materials, and fragrances for professional use across multiple regions.

ABP pride themselves on being one of the most fully resourced, technologically up-to-date manufacturers of Aromatherapy and essential oil products in Australia and New Zealand, delivering high-quality essential oils built on transparency and integrity.

In May 2021 Ixom Operation finalised their acquisition of Australia's market leader of essential oils; ABP. ABP's products include a range of brands, Auroma, Essential Therapeutics, Parfumis, Roonka, and Sydney Essential Oil Co. They are a fantastic tenant that requires these two buildings to produce their market-leading products.

Situated near Princes Highway and South Gippsland Freeway, the property is easily accessible.

Enquire at www.faceyproperty.com.au to make your next move.