10, 19-23 Clarinda Road, Oakleigh South, VIC, 3167

POINT OF INTEREST:

Not many industrial assets in this size range stop people in the street — but two facades of floor-to-ceiling glazing across both levels will do that. Unit 10 is corner-positioned, double-glazed, and corporate in profile in a way that many industrial buildings in the area cannot replicate, and the same tenant has continuously occupied it since the day it was built.

Prime Group — a nationally operating facilities management company with over 25 years of experience and triple ISO accreditation — has just recommitted on a fresh five-year lease following a formal market review. The current income is $68,000 per annum net, with CPI annual increases yearly that will continue to grow the income stream for you as its next owner.

The 323 sqm* building delivers 220 sqm* of two-level corporate office alongside a high bay warehouse accessed via a container-height roller door tucked neatly around the corner — functional and unobtrusive. Five car spaces on title, heating and cooling throughout, and an Industrial 1 zoning in one of Melbourne's most tightly held inner south-east precincts complete an investment that has spent nearly two decades proving its own case.

- 323 sqm* total building area.

- 220 sqm* ground and first floor office space.

- Office includes both open plan and partitioned areas plus meeting rooms.

- Corner position keeps container height roller door to the side of the building.

- Dual entry points for natural light and floor-to-ceiling windows.

- 5 allocated car spaces.

- Long Standing Tenant: Prime Facilities Management Pty Ltd.

- $68,000 per annum net in leasing income.

- 5-year term with further 5 years.

- Security bond of 3 months + GST and CPI annual increases.

- 2.6 km* to Dandenong Road.

- 5.8 km* to Nepean Road.

POINT OF VIEW:

A corner profile that can't be replicated in this estate, a tenant who just signed on for another generation, and an inner south-east address that has spent decades holding its value — Clarinda Road is the investment that rewards patience, and Prime Group has demonstrated how that looks in practice.

*Approx.

Pricing excludes GST

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