Main Road Investment on 2.03Ha Site - Future Development Opportunity.

EOI - 420-426 Mount Dandenong Road, KILSYTH, VIC 3137

Investment (Development/Land, Industrial)

Overview

Property ID: 15535
Price: Contact Agent
Rent: $454,200 (ex. GST)
Building: 6402m²
Land: 20313m²
Zoning: Industrial 1
EOI
20/06/2019 03:00 PM
Add to Calendar 20/06/2019 03:00 PM 20/06/2019 03:00 PM Australia/Melbourne EOI - 420-426 Mount Dandenong Road, KILSYTH, VIC 3137 Main Road Investment on 2.03Ha Site - Future Development Opportunity. Ian Angelico ian.angelico@cva.melbourne false DD/MM/YYYY akKqZLDfczNDwEvbmmHA24960

Description

This substantial fully leased industrial complex prominently positioned, 420-426 Mount Dandenong Road, Kilsyth is now available For Sale Via Expressions of Interest (EOI) Closing on Thursday 20th June 2019 at 3pm.

Offered with a new 5 + 5 year lease to well known, long standing occupier Caprice Paper Products Pty Ltd, incorporating a rental of $454,200 per annum net plus GST together with annual increases of 3%.

Located close to Dandenong Ranges, this outstanding site is surrounded by an array of amenities including Woolworths Kilsyth, Croydon Shopping Centre, Croydon Train Station, Dorset Public Golf Course and Recreation Reserve. Furthermore, the property is within close proximity to Dorset Road, Canterbury Road, Maroondah Highway and the Ringwood Bypass.

Key elements:

- Improvements include offices, amenities, factory/warehouse and sheds totaling 6,402m2* plus canopy 149m2* together with 9,000m2* of hardstand/marshaling area.
- Massive 20,313m2* site area
- 83 metres* of frontage to Mount Dandenong Road
- Substantial capital investment by the tenant Caprice Paper Products Pty Ltd website: www.capricepaper.com.au
- Caprice Paper Products have recently celebrated 30 years of manufacturing and trading
- Outstanding future development / "value add" potential with current low site utilization of 31.5%*
- Potential rezoning to higher use value, subject to planning approval
- Exposure to 18,800 vehicles passing daily

*Approx
Pricing excludes GST.

Additional Info

Features
Occupancy Tenanted: Caprice Paper Products Pty Ltd
Lease Term Five (5) + Five (5) years
Rent Review 3% annual increases, Market at options
Commenced 1st June 2019
Bonds / Guarantees Bank Guarantee 6 Months rental , directors guarantee
Car Spaces Ample on site
Car Parking Fees N/A
Outgoings
Outgoings Payable Tenant as per lease , excluding Land Tax

Agent Details

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