FUTURE-PROOF MERRINDALE INVESTMENT

Sold - 6/21-43 Merrindale Drive, Croydon South

Investment opportunity, Industrial

Sale Details

Sold on 31 Oct 2025 for $1,700,000

Building Area 463m²
Rate $3,672 per m²
Yield: 4.72%

Overview

Sale History ID: 42469
Property ID: 21183
Advertised Price: $1,700,000

Description

POINT OF INTEREST:

The address that says it all (but we’ll say more), there’s an opening to take your business into the prestigious Merrindale Drive Estate for first impressions that linger longer. The floorplan measures 463 sqm* with an 8 m* internal warehouse clearance and full-height automatic roller doors. For efficiencies in nearly every corner; there are three entry points to the development, there’s LED lighting throughout, double-glazing, and solar hot water installed. 7 car spaces are part of the package, and the office spaces receive plenty of heating and cooling. Whether you’re a local or not, the arterial access is seamless here. You’re 1.4 km* from the Dorset and Canterbury Road intersection, and the Eastlink is only 6.5 km* away too. From Melbourne’s cocoa suppliers to elite basketball equipment, this is Croydon’s commercial hub where industries layer for richer business.

- Leased to X8 Sports Pty Ltd
- Rental $80,341.80 per annum + GST and outgoings
- 5+5+5 year lease from 1st October 2023
- 3.5% fixed annual increases + market review at options
- 463 sqm* of total building area.
- 393 sqm* of warehouse.
- 70 sqm* of office.
- 8 m* internal warehouse clearance.
- 7 car spaces allocated on site
- Container height roller doors access.
- NBN ready and solar hot water.
- 300 m* to Dorset Road.
- 6.5 km* to the Eastlink.

POINT OF VIEW:

An industrial asset that’s only 3 years old means the paint is still fresh, the finishes are polished, and the bells and whistles are all included for a warehouse that’s actually high-tech.

*Approx.
Pricing excludes GST

Additional Info
Features
TenancyX8 Sports Pty Ltd
Lease TermFive ( 5 ) years + Five ( 5 ) years + Five ( 5 ) years
Commenced1st October 2023
Rent Review3.5% annual increases + market review at options
Bond/GuaranteesEquivalent three (3) months' rental plus GST + Director Guarantee
Outgoings PayableTenant as per lease agreement
Age3 years approx.
Air ConditionerYes - in office
AvailabilitySubject to a lease
Car Parking FeesNil
Car Spaces7 on site
ConditionExcellent
FloorsConcrete/Carpet
Height8 metres*
Liftsn/a
Roller DoorsYes
Sprinklersn/a
Wheel Chair Accessn/a
ZoningIndustrial 1 Zone (IN1Z)
Outgoings
Owners’ Corporation$5,280 p.a + GST (2025)
Building InsuranceIncl. in Owners' Corp fees
Council Rates$4,180 p.a + GST (2025)
Water Rates$1,320 p.a + GST (2025)
Essential Safety MeasuresIncl. in Owners' Corp fees
A/C Maintenance$825 p.a + GST (2025)
Agent Details
CVA Property Consultants - Jarrod Moran

Jarrod Moran

M | 0413 251 621
T | (03) 9623 2589
E | [email protected]

CVA Property Consultants - Stan Dawidowski

Stan Dawidowski

M | 0400 448 755
T | (03) 9623 2556
E | [email protected]