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508-550 Wellington Road, Mulgrave VIC 3170

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508-550 Wellington Road, Mulgrave VIC 3170

508-550 Wellington Road, Mulgrave VIC 3170

Properties / Sold / Victoria / Mulgrave
Tenanted Investment

1. Property Summary

Selling Method
For Sale
Selling Details
In-One-Line via International Expressions of Interest Closing Thursday, 24 August 2023 at 3.00pm (AEST).
Land Area
23.23 hectares (*approx)
Property Type
Industrial, Offices
Sub-type
Office/Warehouse, Whole Building, Office Suites
Est. Income
$6,150,000 p/a
Fully Leased
Woolworths and Renold Australia
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2. Property Highlights

A Last Mile Logistics Opportunity of Unmatched Scale
  • 23.23 Ha* potential infill development
  • Ideal last mile logistics location
  • Net Passing Income of $6.15million p.a.*

Dawkins Occhiuto are pleased to exclusively present for your consideration the most significant infill opportunity to come to market in 2023.

Located approximately 23 kilometres southeast of the Melbourne CBD, 508-550 Wellington Road, Mulgrave represents an unprecedented opportunity to acquire an enormous 23.23 hectare* infill site within one of Melbourne’s most tightly held inner southeastern suburbs. 

Underpinned by strong tenant covenants, the property offers an impressive, combined holding income, future development upside and the ability to reposition existing improvements, capturing rental reversion.

522-550 Wellington Road is home to Woolworths’ Victorian head office and one of two national distribution centres operated by the retail giant. 508-520 Wellington Road comprises Renold Australia’s head office, factory and distribution centre. 

Key features of the offering include:

  • Total site area: 23.23 Ha* 
  • One of Melbourne’s largest infill sites
  • 2 adjoining logistics & distribution centres offering 76,193 sqm* of gross lettable area
  • 100% leased to Woolworths and Renold Australia
  • Ideal last mile logistics destination in the heart of the South East 
  • Net passing income: $6.15 million p.a.* (as at 1 August 2023)

This standout property is offered for Sale In-One-Line via International Expressions of Interest closing Thursday, 24 August 2023 at 3.00pm (AEST).

Please contact exclusive selling agents, Dawkins Occhiuto for more information.

*Approx.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

1. Property Summary

Property Type
Industrial, Offices
Sub-type
Office/Warehouse, Whole Building, Office Suites
Est. Income
$6,150,000 p/a
Tenant
Woolworths and Renold Australia
Land Area
23.23 hectares (*approx)
Selling Method
For Sale
Selling Details
In-One-Line via International Expressions of Interest Closing Thursday, 24 August 2023 at 3.00pm (AEST).

2. Property Highlights

A Last Mile Logistics Opportunity of Unmatched Scale
  • 23.23 Ha* potential infill development
  • Ideal last mile logistics location
  • Net Passing Income of $6.15million p.a.*

Dawkins Occhiuto are pleased to exclusively present for your consideration the most significant infill opportunity to come to market in 2023.

Located approximately 23 kilometres southeast of the Melbourne CBD, 508-550 Wellington Road, Mulgrave represents an unprecedented opportunity to acquire an enormous 23.23 hectare* infill site within one of Melbourne’s most tightly held inner southeastern suburbs. 

Underpinned by strong tenant covenants, the property offers an impressive, combined holding income, future development upside and the ability to reposition existing improvements, capturing rental reversion.

522-550 Wellington Road is home to Woolworths’ Victorian head office and one of two national distribution centres operated by the retail giant. 508-520 Wellington Road comprises Renold Australia’s head office, factory and distribution centre. 

Key features of the offering include:

  • Total site area: 23.23 Ha* 
  • One of Melbourne’s largest infill sites
  • 2 adjoining logistics & distribution centres offering 76,193 sqm* of gross lettable area
  • 100% leased to Woolworths and Renold Australia
  • Ideal last mile logistics destination in the heart of the South East 
  • Net passing income: $6.15 million p.a.* (as at 1 August 2023)

This standout property is offered for Sale In-One-Line via International Expressions of Interest closing Thursday, 24 August 2023 at 3.00pm (AEST).

Please contact exclusive selling agents, Dawkins Occhiuto for more information.

*Approx.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

3. Property Location

508-550 Wellington Road, Mulgrave VIC 3170

Property Map
508-550 Wellington Road, Mulgrave VIC 3170 Mulgrave
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