ICP | National Property Guide Edition 17

INDUSTRIAL COMMERCIAL PARTNERS

NATIONAL PROPERTY GUIDE

WA PROPERTY MARKET REVIEW

CHRIS CHESKY from MLV REAL ESTATE

Perth’s Industrial market continues to maintain strength in light of broader economic uncertainty and higher funding costs.

Coming off the back of a very strong period of growth in 2022, investors appear to have adopted a more cautious outlook going into 2023, as evidenced by limited investment activity across the last quarter and softening of yields, in the order of 25bps.

Notwithstanding this, there remains strong demand for quality space in core locations amid this shifting sentiment. Anecdotal evidence suggests the average prime yield range is between 5.25% - 6.25%, with all but core/eastern stock considered to fall towards the upper end of this range. Secondary yields are averaging 6.00% - 7.00%.

Occupier activity remains buoyant, with MLV Real Estate having recently sold several properties in the $2mil-$5mil range to occupiers at record prices. The strength of the occupier market reflects the strong position of smallmedium businesses, along with record low vacancy and limited supply of 2,000 sqm – 5,000sqm properties for sale or lease across Perth.

Rental market conditions remain strong, with rents across all stock and grades having increased circa 35% year to date. Super prime industrial stock is achieving rates in the order of $140/sqm, prime rents averaging $120/sqm and secondary stock averaging $100/sqm. As supply is added to the market in the back half of 2023, we anticipate a degree of stabilisation in rental growth, albeit minor.

New industrial land supply remains tight, particularly in the Eastern corridor with capital values for 1-5ha lots averaging $475/sqm - $575/sqm in the Welshpool & Kewdale locations and land in Hazelmere achieving a rate of $425/sqm, revealing record rates for the precinct and demonstrating the strong appetite for industrial land.

With annual inflation for Q223 at 6.0%, the second consecutive quarter of lower annual inflation down from a peak of 7.8% in Q422 - could it be the catalyst for an uplift in activity in the back half of 2023?

“With annual inflation for Q223 at 6.0%, the second consecutive quarter of lower annual inflation down from a peak of 7.8% in Q422could it be the catalyst for an uplift in activity in the back half of 2023? ”

Chris Chesky, MLV Real Estate

FOR SALE SET & FORGET! HIGH YIELDING INVESTMENT

Lot 387 Mandurah Road, KWINANA BEACH WA

EOI, CLOSING 5.00PM (AWST) FRIDAY 25TH AUGUST 2023

• Land Area: 6,061sqm

• Zoning: Industry

• Fully Leased Investment

MLV as exclusive agents are pleased to present to market the high yielding, high profile Lot 387 Mandurah Road, Kwinana Beach. Situated in an ideal corner location, the premises is within the Industrial location of Kwinana Beach, some 42 km’s south of the Perth CBD and 33km ‘s south of Fremantle Port. Represented is an excellent opportunity to purchase a leased investment in a growing industrial corridor.

LAND AREA

CONTACT

6,061 sqm

Stefan Quaresimin

0421 929 686

squaresimin@mlv.com.au

David Lamb

0411 597 952

davelamb@mlv.com.au

FOR SALE KEWDALE ‘CORE’ INDUSTRIAL INVESTMENT

Unit 3/524 Abernethy Rd, KEWDALE WA

$1,250,000 (GOING CONCERN)

• Net Passing Rent of $60,390 pa

• Expiry 31st August 2025

• Fixed Annual Increases of 3%

MLV Real Estate presents the opportunity for investors to acquire a quality leased office warehouse unit in ‘Imola Business Park’, a high profile commercial and industrial development in one of Perth’s premier industrial suburbs.

Leased to an established National company ‘Handley Surveys’ until August 2025, Unit 3 comprises a modern ground level strata office/warehouse unit that presents to an excellent standard and offers versatile accommodation.

BUILDING AREA

CONTACT

494 sqm LAND AREA

590 sqm

Chris Chesky

0478 107 051

cchesky@mlv.com.au

David Lamb

0411 597 952

davelamb@mlv.com.au

FOR SALE QUALITY LEASED INVESTMENT OPPORTUNITY

8 MELIADOR WAY, MIDVALE, WA

For Sale by Private Treaty

• Leased investment

• Modern workshop improvements

• Exceptional accessibility

• Prominent ‘freehold’ site

• Favourable lease covenant

8 Meliador Way Midvale - a modern office & workshop facility and quality leased investment. Located approximately 25km north east of the Perth CBD, via Great Eastern Highway in the ‘tightly held’ suburb of Midvale. This rare offering presents the opportunity for investors to acquire a quality ‘freehold’ industrial asset with a ten year lease to ‘Kilt Projects’ expiring in 2031.

2,091 sqm

CONTACT

David Lamb 0411 597 952

davelamb@mlv.com.au

AREA

Chris Chesky 0478 107 051

1,284 sqm

cchesky@mlv.com.au

FOR LEASE PROMINENT OFFICE/SHOWROOM WITH WAREHOUSE

28 Teddington Road, BURSWOOD WA

$85,000P.A + GST AND OUTGOING

• Fantastic signage opportunities

• Excellent accessibility to key transport routes

MLV Real Estate is pleased to present to this recently refurbished, versatile office/showroom & warehouse premises for lease. 28 Teddington comprises two-level office/showroom accommodation with rear warehouse providing a very functional layout to suit a variety of uses, offering excellent signage exposure to busy Teddington Road.

Located in the heart of the Burswood, it offers excellent accessibility to key transport routes including Albany Highway, Shepperton Road, Great Eastern Highway and Canning Highway.

BUILDING AREA

CONTACT

425 sqm

Chris Chesky

0478 107 051

cchesky@mlv.com.au

LAND AREA

528 sqm

David Lamb

0411 597 952

davelamb@mlv.com.au

NSW PROPERTY MARKET REVIEW

MaRK CADMAN from link property services

In our opinion we have past the peak of capital values and there has already been some discounting in prices, particularly for secondary buildings. We feel buyers no longer have the ‘fear of missing out’ and remain cautious given the additional costs of financing purchases.

Prices for prime buildings and land appear to be holding relatively well, their prices being supported by a continued imbalance between demand and supply. However we believe it is only a matter of time before these prices are further affected by the impact of multiple interest rate increases since March 2022, the sharpest flurry of rate increases in 4 decades. With inflation at approximately 7% and exceeding market expectations, economists are predicting further interest rate increases in the second half of 2023, strengthening our view that capital values have peaked for this cycle.

Rentals on the other hand continue to be resilient, with most rentals in Western Sydney starting from around $200psm net even for secondary space and quality modern warehousing now approaching $250-$275psm net in several areas. South Sydney is recording rentals regularly approaching $450psm net in prime Alexandria, with Botany/Matraville seeing rentals around $350psm net. The main reasoning behind this substantial growth has been as an imbalance between demand and supply, but also the increased cost of construction over the past few years and investors demanding higher yields as a result of higher servicing costs for loans and as a means to maintain asset values in the face of property yields beginning to soften.

Outgoings have also increased dramatically, mostly related to sharp rises in insurances and land values, the latter impacting land tax and council rates. The questions we are often asking ourselves – can occupiers sustain the current gross operating costs they are paying and will occupiers who are still under legacy leases be able to cope with sharp increases in rentals once they are exposed to market reviews? Time will only tell, however it is clear many businesses are being cautious and tightening their belts as the pressure to maintain margins becomes increasingly difficult. As the global supply chain issues begin to iron themselves out post covid, businesses may start to reduce inventory levels, particularly in the face of high property and operating costs. This may result in an increase in the supply of warehouse space in the form of sub lease accommodation.

Mark Cadman, Link Property Services

“Prices for prime buildings and land appear to be holding relatively well, their prices being supported by a continued imbalance between demand and supply.

FOR SALE FREESTANDING OFFICE & WAREHOUSE

24-26 Bowden Street Alexandria, NSW

EOI Closing Friday 18 August 2023 at 1pm

• Rare freestanding office/warehouse

• Impressive street frontage

• Suit a variety of users

Situated in the heart of Alexandria, within close proximity to Green Square Train Station, Eastern Distributor, Sydney Airport, Port Botany and only 5.2 km (approx) to Sydney CBD. The property provides a unique opportunity for a discerning owner occupier or investor to secure a freestanding office/warehouse building in the tightly held Alexandria precinct.

The property is to be sold with two (2) short term leases in place, ideal for investors and well suited owner occupiers looking to take advantage of the central location and development potential of the property.

FIND OUT MORE ABOUT THIS PROPERTY

BUILDING AREA

CONTACT

1,006 sqm

Artie Kalpidis

0403 383 333

artie.kalpidis@linkps.com.au

Chris Sully

1,201 sqm

0439 383 444

chris.sully@linkps.com.au

FOR SALE FREESTANDING OFFICE & WAREHOUSE BUILDING

4 Luff Street, Botany, NSW

EOI closing 30 August 2023 at 5pm.

• Rare freestanding factory

• Two street frontages

• Close to air and sea ports

The property is located in the heart of the Botany industrial area, being within minutes of the air and sea ports and within close proximity to the Sydney CBD as well as the M5 and M8 motorways. The property provides street frontage and access from both Luff and Margate Streets.

A freestanding factory which provides roller shutter access from both street frontages. The warehouse is clear span and provides internal clearance up to 6.2m.*

BUILDING AREA

CONTACT

618 sqm

Artie Kalpidis

0403 383 333

artie.kalpidis@linkps.com.au

Evan Kallias

0488 383 831

evan.kallias@linkps.com.au

FOR SALE RARE INDUSTRIAL LAND OPPORTUNITY

7 Cobar Place, Gregory Hills, NSW

Contact agent for pricing

• 5,018 sqm site

• Zoned IN1 (General Industrial)

• Serviced, Level & Benched

• Ideal cul-de-sac location

Perfectly positioned fronting Camden Valley Way, offering excellent exposure to passing traffic. The subject property offers excellent access to both the M5 & M7 Motorways and all major Sydney Road networks via Narellan Road, Within close proximity to all essential services of the Narellan CBD.

FIND OUT MORE ABOUT THIS PROPERTY

LAND AREA

CONTACT

5,018 sqm

ZONING IN1 General Industrial

Paul Mileto

0406 535 569

Paul.mileto@linkps.com.au

Michael Mileto

0410 697 393

michael.mileto@linkps.com.au

FOR SALE OUTSTANDING EXPOSURE & EASY ACCESS

Lot 4, 41-51 Waratah Street, Kirrawee, NSW

Contact agent for pricing

• Zoned General Industrial

• Due for completion Dec 23

• 6,012sqm approx

• 68 metre frontage to Waratah Street

Outstanding location, situated on the north western corner of Bath Road and Waratah Street. The property is less than 300m from Pricess Highway and 1km from Karrawee Train Station.

FIND OUT MORE ABOUT THIS PROPERTY

LAND AREA

CONTACT

Matthew Herrett

6,012 sqm

0457 383 383

matthew.herrett@linkps.com.au

ZONING

IN1 General Industrial

FOR LEASE QUALITY INDUSTRIAL UNIT

Unit 1, 126-136 Bourke ROAD, Alexandria, NSW

$331 psm net

• 5.5 high roller door with awning

• Warehouse clearance 7.6 m

• Large loading area

Unit 1 at 126 Bourke Road, Alexandria is a well-appointed industrial unit with an attractive office/showroom component to suit. The estate itself only has four units, with an abundance of loading space for each unit and a generous allocation of ongrade parking spaces. Located in the superior position of Alexandria, this unit has great proximity to Sydney’s CBD, and major arterial roads that connect it to the rest of Sydney.

BUILDING AREA

1,601 sqm ZONING

E3 - Productivity

Artie Kalpidis

0403 383 333

artie.kalpidis@linkps.com.au

Chris Sully

0439 383 444

chris.sully@linkps.com.au

FOR LEASE WELL PRESENTED OFFICE & WAREHOUSE

Unit 1, 22 Loyalty Road, North Rocks, NSW

$190 psm net

• Affordable rental

• Office over 2 levels

• Ample car parking

• Modern industrial office/warehouse

• Warehouse: 1,100 sqm

• Office: 556 sqm

Located on the northern side of Loyalty Road down the very end of the street. Good feeder access to major arterial roads such as James Ruse Drive, Victoria Road and the M4 & M2 Motorways, as well as North Connex.

FIND OUT MORE ABOUT THIS PROPERTY

BUILDING AREA

CONTACT

Evan Kallias

1,656 sqm

0488 383 831

evan.kallias@linkps.com.au

ZONING

E4 - General Industrial

Elliot Martin 0438 383 007

elliot.martin@linkps.com.au

FOR LEASE 17,088 SQM WAREHOUSE/OFFICE FACILITY

8 Baywater Drive, Homebush, NSW

CONTACT AGENTS FOR PRICING

• Modern facility

• 6 on-grade roller doors & 4 sunken loading docks

Short or medium term leases available

Located on the western side of Homebush Bay, close to Newington Marketplace. Minutes to Stadium Australia and M4 Motorway.

Modern industrial facility featuring:

- Three level office building plus substantial warehouse

- Warehouse provides 11.1 - 13.6m clearance

FIND OUT MORE ABOUT THIS PROPERTY

BUILDING AREA

17,088 sqm

CONTACT

Mark Cadman 0458 383 383

mark.cadman@linkps.com.au

PARKING 50 spaces

Matthew Herrett 0457 383 383

matthew.herrett@linkps.com.au

QLD PROPERTY MARKET REVIEW

JOHN ANDREW from FAL PROPERTY GROUP

The take up of industrial space remains high in 2023 with the majority of take up observed in pre-committed space, highlighting the lack of available existing space on the market. A huge increase in new construction has been taking place as Brisbane currently accounts for 60% of the nation’s new industrial supply pipeline, however this new supply is being absorbed just as quickly with effectively all new speculative warehousing being committed prior to completion.

Interest in industrial investments remains high and although rising interest rates have softened prevailing yields, increasing rental rates have prevented any correlating drop in capital values.

High construction costs and rising interest rates appear to be stabilising land values at around $500/sqm for smaller blocks (<1 Hectare) and around $400/sqm for larger sites.

Intense competition among tenants is continuing to fuel rental price growth with prime assets now leasing for $150/ sqm face net, this rental growth is expected to continue at a rate of approximately 15% for 2023 and remain strong in 2024 before easing in 2025.

“A huge increase in new construction has been taking place as Brisbane currently accounts for 60% of the nation’s new industrial supply pipeline.”

John Andrew, FAL Property Group

FOR SALE SOUTHEAST QUEENSLAND TROPHY ASSET

10-22 Commercial Drive, Springfield,QLD Offers to Purchase

• Secure national tenants

• Great exposure and located in high growth area

• Net income of $657,146 pa

FAL Property Group is pleased to present 10-22 Commercial Dr Springfield to market. This property comprises of three buildings on an extensive land parcel of 6,608sqm in the heart of Springfield’s humming commercial hub.

This blue-chip offering includes national tenants Bridgestone, Tradelink, Vinnies and Stellar Medical. The trophy Springfield asset is perfect for investors seeking a strong and stable return in a high growth area. The property is further underpinned by an impressive 5.24 year WALE with all tenants having recently undergone lease renewals.

BUILDING AREA

CONTACT

2,539 sqm

Jeremy Conybeare

0411 228 233

jeremy@falproperty.com.au

Phil Levesque

6,608 sqm

0432 471 144

phil@falproperty.com.au

FOR LEASE WELL SITUATED TURN KEY RESTAURANT/ BAR/ GRAB n GO

570 Queen Street, Brisbane City, QLD

$132,000.00 pa Gross + GST

• 300sqm Turn- Key Restaurant & Bar + 20sqm Takeaway Nook

• Excellent foot traffic & proximity to public transport hubs

• Blank canvas with post industrial modern design cues

YOU are viewing an incredible opportunity to locate your restaurant/ bar/ grab ‘n go hospitality business in a prime Brisbane City location. Positioned at the Mantra on Queen Hotel and apartment complex on the corner of Queen and Ann Streets, you are exposed to commuters, city goers, onsite residents and guests as well as traffic moving between Fortitude Valley and the CBD. There are 172 apartments in the building with 50 under holiday let.

The 300sqm internal restaurant and seating area, includes a perfectly located 20sqm separate nook that empties directly onto the street, ideal for ‘Grab n Go’ breakie and lunch trade. We seek a vendor that can provide a minimum of Breakfast and Dinner service as well as operating the bar for the Mantra guests and other patrons. Experience in activating a similar opportunity will be viewed favourably.

FIND OUT MORE ABOUT THIS PROPERTY

BUILDING AREA

CONTACT

305 sqm

ZONING

Jeremy Conybeare 0411 228 233

jeremy@falproperty.com.au

PC1 Principal centre (City centre)

FOR LEASE YARRABILBA HEALTH CITY (MEDICAL)

26 - 36 Alder Circuit, Yarrabilba, QLD

$450/sqm net pa + GST

• Tenancies available 105sqm to 837sqm

• Medical specialised building

• High growth community

FAL Property Group presents Yarrabilba Health City. This property is a brand new building focused on hosting medical tenants. It’s a comprehensive health and wellness hub within the suburb. The property aimed to provide a range of medical services, facilities, and amenities to cater to the healthcare needs of the growing community. Ideal for medical clinics, specialist services, allied health practitioners, and potentially aged care facilities.

Join the existing tenants on site which include a dentist, radiology and cardiologist.

BUILDING AREA

105 – 837 sqm

Kyryl Koltsov

0434 314 724

kyryl@falproperty.com.au

Jono Paraiso

0403 093 122

jono@falproperty.com.au

FOR LEASE FUNCTIONAL OFFICE IN GREAT LOCATION

3 Balaclava Street, Woolloongabba, QLD

$275/sqm ($251,900 net pa) + GST

• Ducted A/C, male, female, disabled amenities & shower

• 15 x Partitioned offices and multiple boardrooms

• Reception area & 14 Undercover & secure carparks

In the growing suburb of Woolloongabba this opportunity is central to Coles, OfficeWorks, Chemist Warehouse, and restaurant offerings like Subway, Sushi, and a short walk to the Norman Hotel.

This 916sqm space share over two levels includes a mix of partitioned and an open plan layout, multiple boardrooms, and a reception. Within a 5 minutes from Brisbane CBD, excellent public transport, and 14 secure car parks, this office is a great opportunity for professionals.

BUILDING AREA

916 sqm

ZONING

Jono Paraiso

0403 093 122

jono@falproperty.com.au

Jeremy Conybeare

0411 228 233

jeremy@falproperty.com.au

FOR SALE OR LEASE CALLING ALL OWNER-OCCUPIERS & DEVELOPERS

123 Marshall Road, Rocklea, QLD

CONTACT AGENTS FOR PRICING

• 2.53ha General Industry site

• Warehouse & Office 5,800sqm

• DA for second warehouse at rear

• 80m frontage

• B-Double access & drive around capability

• Holding income until end 2023

This 25,300sqm site in the heart of Rocklea is ideal for owner occupiers and developers alike. The ample excess hardstand at rear provides for additional storage space or for a second building. The rear section is currently being filled, raised and levelled, bringing the site above flood level and ready to use or build second warehouse at rear up to 6,200sqm (STCA). The existing building at front is 5,800sqm in size, provides ample hardstand for its own use both in front and behind.

FIND

LAND AREA

25,300sqm

BUILDING AREA

5,800 sqm

CONTACT

John Andrew 0488 018 998

john@falproperty.com.au

ZONING

IN1-General Industry C

FOR SALE OR LEASE DEVELOPMENT READY LAND IN STAPYLTON

168 Stapylton Jacobs Well Road, Stapylton, QLD

CONTACT AGENT FOR PRICING

• Land area 40,500sqm

• 228m wide frontage to Stapylton-Jacobs Well Road

• Approved DA

• Key location with national tenants neighbouring

• Direct access to Brisbane and Gold Coast & 1.7km to M1 motorway

• Immediate holding income circa $640,000pa

• Yards also available for lease

Development ready land in the growing industrial hub of Stapylton. Direct access to the M1 Motorway, this 40,500sqm parcel of land sits perfectly Brisbane and the Gold Coast with huge exposure to the Stapylton-Jacobs Well Road.

CONTACT

John Andrew 0488 018 998

john@falproperty.com.au

FOR SALE BUSY SHOP AT THE CENTRE OF ANZAC SQUARE

36/198 Adelaide St Brisbane City, Qld

CONTACT AGENT FOR

• 120sqm prime retail space

• High volume foot traffic

• Located in thoroughfare to Central Train Station

Welcome to 198 Adelaide Street, an exceptional retail space in the heart of Brisbane City. With its strategic location at Anzac Square, this property presents a unique opportunity to purchase a shop in a prime position to set up your business.

Spanning across 120sqm, this well-positioned retail space features an open plan layout that provides endless possibilities for customization and branding. The expansive windows allow for visible product displays to the foot traffic using the escalators directly in front.

BUILDING AREA

CONTACT

Jono Paraiso

120 sqm

0403 093 122

jono@falproperty.com.a

VIC PROPERTY MARKET REVIEW

MARK BOND from FACEY PROPERTY

The final quarter for FY23 has seen a shift in activity in all commercial asset classes. Several Vendors have decided to act in the changing rate environment, and we have enjoyed some stunning industrial land and building sales in the last 60 days. These industrial sales illustrate the resilience of this defensive asset class.

The gap between capital values and rental returns has seen yields for secondary grade assets soften and we don’t see that changing in the short to medium term. However, the continued lack of supply for prime and A grade industrial assets should see industrial rentals continue their growth over the short term as construction costs and land values remain comparatively high in 2023. Opportunities to regenerate a number of Melbourne’s older industrial areas will remain a focus for developers as green field opportunities remain expensive to develop.

Overall investors and occupiers alike are trying to read the market and this by its nature will lead to some consternation and stultification.

“These industrial sales illustrate the resilience of this defensive asset class.”

Mark Bond, Facey Property

FOR SALE POWERFUL INVESTMENT - CORNER FREEHOLD

19-21 Intrepid Street, BERWICK, VIC

For Sale by way of Expression of Interest closing Thursday, 17th August, 2023 at 4PM

• Tightly held location

• Longstanding quality tenant

• Returning $70,828 net PA

Sitting in the tightly held Berwick industrial precinct, this excellent industrial site has a quality longstanding tenant, ‘South East Power Tools’, who has renewed for a further 3 x 3-year term with a passing rental of $70,828pa plus GST and outgoings. Perfect for the investor, annual reviews of 4% provide consistent growth. The corner premises comprises two crossovers with matching roller doors plus an additional internal 48m² storage mezzanine.

Matt O’Dea

0448 566 556

matt.odea@faceyproperty.com.au

Uday Chandran

0488 558 484

uday.chandran@faceyproperty.com.au

FOR SALE EXCEPTIONAL INVESTMENT OPPORTUNITY

9-13 and 24 Hilton Street, DANDENONG, VIC

Price on Application

• Materials Recycling permit in place

• 4 properties to be sold as one

• Buy the stock grab the opportunity

Ideal for the astute business operator, 9, 11, 13 and 24 Hilton Street, Dandenong, have proudly been a part of Dandenong Demolitions since the mid-1960s. This excellent set of properties is being sold on a walk-in, walk-out basis (inclusive of all stock).

LAND AREA

CONTACT

Mark Bond

2,914 sqm

BUILDING AREA

1,177 sqm

ZONING Industrial 1

0419 386 882

mark.bond@faceyproperty.com.au

David Politakis

0448 726 313

david.politakis@faceyproperty.com.au

FOR SALE INDUSTRIAL INVESTMENT WITH STRONG UPSIDE

113-119 Williams Road, DANDENONG SOUTH, VIC

For Sale by EOI closing on Wednesday, 16th August 2023 at 4pm.

• Solid industrial investment

• Massive rental growth opportunity

• Freehold corner position

With a long list of features, this asset will make a profitable addition to your portfolio. Located on a corner allotment in an established and central industrial position, the property offers three roller doors and two egress points providing outstanding flexibility for the occupier.

The sitting tenant has a 5 x 5 year term with the current passing rent of $145,982 + GST and Outgoings considered below market ($84/m²). This provides scope for strong growth and is endorsed by the sub tenant who is paying $180,000 ($103/m²) pa which is still very conservative in todays market.

FIND OUT MORE ABOUT THIS PROPERTY

LAND AREA

CONTACT

2,684 sqm

BUILDING AREA

1,736 sqm

Matt O’Dea

0448 566 556

matt.odea@faceyproperty.com.au

Adam Strachan

0499 419 890

adam.strachan@faceyproperty.com.au

ZONING Industrial

FOR LEASE RARE OFFERING NOW AVAILABLE FOR LEASE

95B Cheltenham Road, DANDENONG, VIC

$245,000 per annum

• Fronting busy Cheltenham Road

• Total land area of 4,905m²

• Two buildings on site

• Large yard areas

This excellent site comprises over an acre of consolidated land with two functional buildings. It suits several business applications, including a training facility, trade sales, plumbing or timber yard, or importer requiring internal and external storage. It also boasts excellent positioning in central Dandenong, with proximity to McDonald’s, Eastlink and the train station.

LAND AREA

CONTACT

Matt O’Dea

4,905 sqm

AREA

0448 566 556

matt.odea@faceyproperty.com.au

David Politakis

1,540 sqm

0448 726 313

david.politakis@faceyproperty.com.au

INDUSTRIALCOMMERCIALPARTNERS.COM

Whilst every care has been taken in respect of the information contained herein, no warranty is given as to it accuracy. Prospective Purchasers / Tenants should make their own enquires to satisfy themselves of all aspects of the contents. Proves may be subset to change without further notification. All measurements are approximate. All prices exclude Outgoings and GST unless stated.