Dandenong South
TRULY A SITE TO BEHOLD
Colossal warehouse redevelopment
Now’s your chance to gain this expansive redevelopment site, with construction recently completed in August 2024.
INTRODUCTION
ASSEMBLYDRIVE
Facey Property is proud to exclusively offer this rare opportunity for lease by negotiation.
Strike on this rare, prime A-Grade property within the master-planned Estate One Business Park. 103 Assembly Drive, Dandenong South, offers a premium, institutional-grade building set on Commercial 2 land of 26,100m².
Recently constructed by Vaughan’s, the property features a substantial 15,205m² warehouse with a 13.2m height, a super canopy of 2,563m², a canopy of 181m², a two-level office of 611m² plus four recessed loading docks. This formidable site has the potential to become an ideal hub for various uses, including logistics, warehouse/ distribution and manufacturing.
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Seamless connectivity to Melbourne’s major arterials - the Monash Freeway, Eastlink, Princes Highway and the South Gippsland Freeway. It is within one of Australia’s most highly regarded industrial and logistics precincts. Being at the end of a no-through road, the site will not be impacted by congestion.
In the heart of the well-established Estate One Business Park, the expansive property neighbours well-established retailers such as Bunnings, Woolworths, BWS, CEVA Logistics, Carl’s Jnr, Garden City Plastics and Holden Service Parts Operations (HSPO).
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103 ASSEMBLY Drive
Dandenong South
103 ASSEMBLY Drive
Dandenong South
KEY HIGHLIGHTS
Unrivalled in quality, location and flexibility, 103 Assembly Drive includes other significant features.
Unrivalled Exposure
Boasts fantastic exposure to the Pakenham train line.
Office Scale Land
2.61Ha of state-significant industrial land in the heart of the Dandenong NEIC (National Employment and Innovation Cluster)
Warehouses of this gross lettable area, 15,830m² and, importantly, calibre, are rarely offered to the market.
Modern 611m² offices over two levels.
Super Awning
Boasts unparalleled and versatile loading and unloading space with an awning of 2,563m² that has an average width of 28 metres.
Demand
As vacancy for properties of this extensive size is at 2%, colossal sites such as 103 Assembly Drive, Dandenong South, are scarce with no competition in the present market. This has been driven by the need for larger floorplates to fulfil last-mile logistics automation.
Blue Chip Location
Enjoys convenient access to well-known retailers, Princes Highway and the South Gippsland Freeway, plus connectivity to the Monash Freeway.
Set within the heart of Estate One Business Park
Suitably located, 103 Assembly Drive, Dandenong South, boasts proximity to an excellent range of well-known retailers plus multiple major road arterials.
Property Surroundings
103
South Gippsland Freeway - 240m
Local Area and Market Overview
With
a strong industrial presence, the city of Greater Dandenong is known as a hub for manufacturing, healthcare and retail¹.
Dandenong South boasts 51,385 jobs, making up 44.88% of total jobs within the Greater Dandenong region as of 2021, with manufacturing as its highest economic sector². The Greater Dandenong region is expected to have employment growth of 1.3% pa every year until 2031⁴.
Industrial zoned properties of this land size, positioning and calibre are hard to find in this current market as industrial land supply is at significantly low levels within the Greater Dandenong area⁴ and Dandenong South.
However, the property sits within Commercial 2 zoning and has no maximum combined leasable floor area within the region of Greater Dandenong³, providing an excellent opportunity to lease the extensive office warehouse to a wide range of tenants.
Additionally, the suburb boasts well-known national and international companies that currently occupy several properties within Dandenong South; these include Amazon Distribution Centre, Bunnings Distribution Centre, Australia Post Letters Centre and ALDI Distribution Centre, providing the potential to take on high-profile tenants.
Footnotes:
¹Live in Melbourne, Greater Dandenong 2024 (Accessed 07/05/2024) https://liveinmelbourne.vic.gov.au/discover/melbourne-victoria/metropolitan-melbourne/greaterdandenong
²Remplan 2024 (Accessed 07/05/2024) https://app.remplan.com.au/greaterdandenong/economy/ summary?state=GKMNFzgG2umelPJidaLVA6HAI0Uj6vvJ6SvbeBsN46
³Victoria Planning 2018 (Accessed 07/05/2024) https://www.planning.vic.gov.au/__data/assets/pdf_ file/0032/639554/Southern_Region_Industrial_Land_Study_Stage_1_Report_Appendix.pdf
⁴Victoria Planning 2020 (Accessed 04/05/2024) https://www.planning.vic.gov.au/__data/assets/ pdf_file/0030/652197/MICLUP-FINAL-20042020-WEB-Part-B.pdf
51,385
jobs in Dandenong South
44.88%
of total jobs within the Greater Dandenong region as of 2021 are in Dandenong South
1.3%
pa employment growth every year in Greater Dandenong region until 2031
HIGH-PROFILE TENANTS
Property Snapshot
103 ASSEMBLY DRIVE, DANDENONG SOUTH
BUILDING AREA
15,830m2
LAND AREA
26,100m2
ZONING
Commercial 2
Features
15,205m² warehouse with a 13.2m height
2,563m² super canopy + 181m² canopy
611m² two-level office
Four recessed loading docks
Set within Estate One Business Park
Proximity to major road arterials
Multiple on-grade roller doors
State significant location within Dandenong NEIC
Extraordinary chance to secure an institutional-grade office warehouse adjacent to Melbourne’s freeway network. Constructed by leading builder Vaughan’s, this will attract strong tenants and occupiers.
Mark Bond
MANAGING DIRECTOR
Subdivision Plan
CONSTRUCTION
Vaughan Construction recently completed the construction of the 15,830m² building, providing an A-Class industrial space for the astute investor to do as they please with this excellent site.
The office warehouse has been outlined and detailed through floor and site plans, along with the plan of subdivision.
Ground and First Floor Offices
Image Gallery
lease information
For lease by negotiation
Resources
On Request
BUILDING PLANS
TITLE/PLAN OF SUBDIVISION
matt.odea@faceyproperty.com.au