Investment opportunity, Industrial
| Building Area | 335m² |
|---|---|
| Rate | $3,493 per m² |
| Yield: | 4.66% |
| Sale History ID: | 43321 |
|---|---|
| Property ID: | 21492 |
| Advertised Price: | Contact Agent |
|---|
POINT OF INTEREST:
Positioned within one of Melbourne’s most tightly held southeast industrial precincts, within Suburban Rail Loop - SRL Monash Station precinct, this quality office/warehouse presents an outstanding opportunity for investors seeking secure income and long-term upside within the thriving Monash corridor.
Located within the established Howleys Road estate, Unit 11 comprises 335 sqm* of well-presented office/warehouse accommodation across two levels, leased to established tenants Gact Homes Pty Ltd and returning immediate income.
The property features air-conditioned office areas, a functional clear-span warehouse with motorised roller door access, excellent natural light, staff amenities, fibre optic connectivity and five (5) on-site car spaces.
Strategically located moments from Ferntree Gully Road, Wellington Road and Blackburn Road, the property offers exceptional connectivity to the Monash Freeway (M1), EastLink and Princes Highway, while benefiting from proximity to Monash University and the broader Monash Employment Precinct.
- 335 sqm* total building area.
- Current lease to Gact Homes Pty Ltd.
- Passing rental return of $54,590 pa*.
- Three (3) year lease no further options.
- Five (5) on-site car parks.
- Industrial 1 Zone (IN1Z).
- Opposite Suburban Rail Loop - SRL Monash Station
- 1.3 km* to the Monash Freeway (M1).
- 2.9 km* to Clayton Train Station.
- 3.5 km* to Monash University.
POINT OF VIEW:
Well leased office/warehouse investment within the Monash precinct remain tightly held due to the area’s exceptional connectivity, strong tenant demand and long-term growth fundamentals.
*Approx.
Pricing excludes GST
| Features |
|---|
| Tenancy | Gact Homes Pty Ltd |
|---|---|
| Lease Term | Three (3) years no further options. |
| Commenced | 14th December 2024 |
| Rent Review | 3% annual increases, Market at options |
| Bond/Guarantees | $14,574.98 |
| Outgoings Payable | By tenant as per lease |
| Age | Circa early 2000's |
| Air Conditioner | Offices |
| Availability | Subject to Lease |
| Car Spaces | 5 |
| Condition | Very Good |
| Floors | Concrete / timber- carpet first floor |
| Height | Various |
| Roller Doors | Yes - motorised |
| Zoning | Special Use Zone - Schedule 6 (SUZ6) |
| Outgoings |
|---|
| Owners’ Corporation | $3,375.00 plus GST |
|---|---|
| Council Rates | $3,700.00 |
| Water Rates | $1,100.00 |
| Land Tax | $1,875.00 (2026- single holding ) |
| A/C Maintenance | $800.00 |
M | 0439 977 121
T | (03) 9623 2560
E | [email protected]
M | 0418 336 088
T | (03) 9623 2578
E | [email protected]
M | 0467 628 951
T | (03) 9623 2580
E | [email protected]