836 Mountain Highway, Bayswater

JLL and Dawkins Occhiuto are pleased to present for your consideration an exceptional infill development site with a peak of possibilities. Located approximately 33km east of the Melbourne CBD, 836 Mountain Highway represents an unprecedented opportunity to acquire an exceptional infill site within one of Melbourne’s most tightly held eastern suburbs. This location opens doors for developers and owner occupiers to venture into a highly constrained land precinct in Melbourne's East, presenting a rare opportunity to enhance its value. The property is currently the Australian head office of Rosebank Engineering, a 100% owned subsidiary of the ASDAM Group. The improvements are in functional condition and provide a low site coverage of 45%*, with ample on-site car parking and hardstand available, and multiple points of ingress and egress.  

Key features of the offering include:

+ Industrial 1 zoned site of 1.87 Ha* + Manufacturing facility and ancillary improvements of 8,457 sqm* + Exceptional development potential for a new industrial warehouse, self-storage facility, logistics facility, manufacturing plant or industrial units (STCA)

+ 100% leased to Rosebank Engineering until November 2024, with recent notice received from the tenant to exercise their option until November 2025

+ Triple Net Lease providing a holding income of $594,104 p.a.* (as at 1 February 2024)

+ Substantial corner site with 159m* of frontage to Mountain Highway and 135m* to Dunlop Court

+ Situated within the tightly held Bayswater precinct  

This property is offered for Sale via Expressions of Interest closing Thursday, 14 March 2024 at 3.00pm (AEDT).