91-97 Woodlands Drive_Property for Sale
91-97 Woodlands Drive_Property for Sale
91-97 Woodlands Drive, Braeside, VIC, 3195, AU

91-97 Woodlands Drive

Asset Description

JLL is pleased to exclusively present for sale 91-97 Woodlands Drive, Braeside.

 

Strategically positioned in the premier Bayside Industrial pocket just 25 kilometres Southeast of the Melbourne CBD, Braeside provides outstanding access to several key arterials, including the Dingley Bypass, Eastlink (M3), Nepean Highway and Mornington Peninsula Freeway (M11). Additional thoroughfares such as Lower Dandenong Road and Boundary Road provide direct access to residential catchments, positioning Braeside as a strong last-mile location.

 

Key details of the opportunity include:

·       Offered with a WALE of 18.2 years providing investors with long-term income security and a strong running yield.

·       Passing annual net rental of $694,340 is considered in line with current market rent.

·       Powerful 440kW solar system generating approximately 575,000 kW hours of clean energy annually.

·       Highly functional existing improvements across two office warehouse buildings, both occupied by a strong food services tenant.

·       The combination of elevated occupier demand and subdued new stock delivery has seen rental growth across Melbourne precincts average 21%* over the past year.


91-97 Woodlands Drive, Braeside is part of a two-asset portfolio that includes 2-10 Bliss Court, Derrimut. The assets are available individually or in one line via an International Expression of Interest campaign closing Wednesday, 26 July at 3pm (AEST).

 

*Approx.

 

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

...

Attributes

Asking price
€6,026,000
Building area gross
4,877 m²
Occupancy
100%
Year built
2000
Land area gross
0.98 ha (9,830 m²)

Media

Investment Highlights

Key details of the opportunity include:

·       Offered with a WALE of 18.2 years providing investors with long-term income security and a strong running yield.

·       Passing annual net rental of $694,340 is considered in line with current market rent.

·       Powerful 440kW solar system generating approximately 575,000 kW hours of clean energy annually.

·       Highly functional existing improvements across two office warehouse buildings, both occupied by a strong food services tenant.

·       The combination of elevated occupier demand and subdued new stock delivery has seen rental growth across Melbourne precincts average 21%* over the past year.


91-97 Woodlands Drive, Braeside is part of a two-asset portfolio that includes 2-10 Bliss Court, Derrimut. The assets are available individually or in one line via an International Expression of Interest campaign closing Wednesday, 26 July at 3pm (AEST).

 

*Approx.

 

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

91-97 Woodlands Drive 4_Property for Sale
91-97 Woodlands Drive 4_Property for Sale

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91-97 Woodlands Drive (0 Properties)

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Last updated
25 Oct 2023