LEASED INVESTMENT IN SRL MONASH PRECINCT

Sold - 11/21 Howleys Road, Notting Hill

Investment opportunity, Industrial

Sale Details

Sold on 07 Aug 2026 for $1,170,000

Building Area 335m²
Rate $3,493 per m²
Yield: 4.66%

Overview

Sale History ID: 43321
Property ID: 21492
Advertised Price: Contact Agent

Description

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

Additional Info
Features
TenancyGact Homes Pty Ltd
Lease TermThree (3) years no further options.
Commenced14th December 2024
Rent Review3% annual increases, Market at options
Bond/Guarantees$14,574.98
Outgoings PayableBy tenant as per lease
AgeCirca early 2000's
Air ConditionerOffices
AvailabilitySubject to Lease
Car Spaces5
ConditionVery Good
FloorsConcrete / timber- carpet first floor
HeightVarious
Roller DoorsYes - motorised
ZoningSpecial 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
Agent Details
CVA Property Consultants - Daniel Philip

Daniel Philip

M | 0439 977 121
T | (03) 9623 2560
E | [email protected]

CVA Property Consultants - Ian Angelico

Ian Angelico

M | 0418 336 088
T | (03) 9623 2578
E | [email protected]

CVA Property Consultants - Jordan Carroll

Jordan Carroll

M | 0467 628 951
T | (03) 9623 2580
E | [email protected]