A PRIME INVESTMENT: OAKLEIGH SOUTH'S MOST COMPELLING CORNER POSITION RIPE FOR THE PICKING.

Sold - 10/19-23 Clarinda Road, Oakleigh South

Investment opportunity, Industrial

Sale Details

Sold on 31 Aug 2026

Building Area 323m²

Overview

Sale History ID: 43282
Property ID: 21473
Advertised Price: Contact Agent

Description

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

Additional Info
Features
TenancyPrime Facilities Management Pty Ltd
Lease Term5 years
CommencedRe-signed term; 1st July 2026
Rent ReviewCPI Annually
Bond/Guarantees3 months plus GST
Outgoings PayableBy the tenant
Age2007
Air ConditionerYes
AvailabilitySubject to a lease
Car Parking FeesNil.
Car Spaces5
ConditionExcellent
FloorsConcrete / Carpet
Height6.5 metres*
LiftsNa
Roller DoorsContainer height
SprinklersNa
Wheel Chair AccessYes
ZoningIndustrial 1
Outgoings
Owners’ Corporation$3,064.50 approx.
Building InsurancePart of OC cost.
Council Rates$3,840 approx.
Water Rates$976 approx.
Land Tax$1,042 (Single Holding) approx.
A/C MaintenanceTenant's responsibility
Agent Details
CVA Property Consultants - John Nockles

John Nockles

M | 0404 530 393
T | (03) 9623 2591
E | [email protected]

CVA Property Consultants - Stirling Findlay

Stirling Findlay

M | 0481 848 240
T | (03) 9654 2311
E | [email protected]