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Dawkins Occhiuto - Cremorne

117-121 Lewis Road & 84 Parkhurst Drive Knoxfield, VIC 3180

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117-121 Lewis Road & 84 Parkhurst Drive,
Knoxfield, VIC 3180

Warehouse, Factory & Industrial • Offices

Price information

Sale - Expression of Interest

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Key property information

Land area

Floor area

Property extent

Zoning

Municipality

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$1,048,721
Number of Tenants
2 Tenants
Tenants / Type
San Miguel Yamamura Aust t/a Cospak

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Dawkins Occhiuto - Cremorne
117-121 Lewis Road & 84 Parkhurst Drive
Knoxfield, VIC 3180
Dawkins Occhiuto - Cremorne

Dawkins Occhiuto - Cremorne

95 Cubitt Street
CREMORNE, VIC 3121

Map of 117-121 Lewis Road & 84 Parkhurst Drive

Directions
  • Train stations within 5 km of 117-121 Lewis Road & 84 Parkhurst Drive, Knoxfield, VIC 3180Distance
    Boronia Station3.4 km
    Bayswater Station3.6 km
    Ferntree Gully Station4.2 km
    Heathmont Station4.8 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 117-121 Lewis Road & 84 Parkhurst Drive, Knoxfield, VIC 3180Distance
    Lewis Rd/Burwood Hwy (Wantirna South)151 m
    High Street Rd/Burwood Hwy (Wantirna South)242 m
    Burwood Hwy/High Street Rd (Wantirna South)281 m
    Knox City Council/Burwood Hwy (Knoxfield)310 m
    Parkhurst Dr/Burwood Hwy (Knoxfield)426 m
    POWERED BY HERE ©
POWERED BY HERE ©

New 10 Year Lease to Multinational Corporate

  • Secure long term income
  • Multinational packaging tenant
  • Supply constrained location
Dawkins Occhiuto is pleased to present for sale 117-121 Lewis Road, Knoxfield: a rare opportunity to acquire a long-WALE industrial investment within one of Melbourne’s most tightly held eastern employment precincts: Knox Central.

Approximately 25 km east of Melbourne with excellent connection to EastLink, the established Knox Central activity centre features Westfield Knox as the dominant land use, accompanied by a broad range of surrounding retail, commercial, government, sporting, recreational and community services uses.

The property is one of the largest remaining landholdings in this non-traditional industrial location and is well positioned to benefit from strong last mile attributes, large surrounding catchment and an anticipated transformation to high amenity, high value employment uses over time.

The property itself comprises a regular shaped site improved with a versatile office/warehouse of dado construction and approximate 7m minimum clearance. The existing facility is currently being upgraded to accommodate the sitting tenant’s long-term needs with a new 3,500 square metre warehouse expansion, together with significant driveway and loading upgrades.

The property features:
• Total Gross Lettable Area of 10,395 sqm*
• Large Industrial 1 zoned holding of 18,765 sqm* over two titles
• Existing 6,343 sqm* office/warehouse facility with new 3,500 sqm* expansion project underway
• Upgraded drive around access and loading facilities
• Bonus ancillary site at 84 Parkhurst Drive providing a valuable second street frontage (separate building and tenant)
• Excellent connectivity with EastLink and surrounding large residential catchment
• High underlying land value

Investment features include:
• Longstanding multinational packaging tenant; San Miguel Yamamura Australasia Pty Ltd t/a Cospak
• 10 year lease term from completion of expansion project currently underway (anticipated April 2021)
• Net lease including single holding land tax and all usual outgoings
• Passing net rent of $1,048,721 p.a.*
• Standalone rear occupancy at 84 Parkhurst Drive with sitting tenant

*All details approximate as at completion of expansion.

For sale via Expressions of Interest closing Tuesday, 1 December 2020 at 4pm (AEST).

Inspections will be facilitated in accordance with Government restrictions.

For further details please contact the exclusive marketing agents, Dawkins Occhiuto.

Transaction managed by Transcend Property

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Property ID: 503681882Last Updated: 14 Jan 2021

Agency contacts

Dawkins Occhiuto - Cremorne
Dawkins Occhiuto - Cremorne
95 Cubitt Street
CREMORNE, VIC 3121
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Walter Occhiuto

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Walter Occhiuto
Dawkins Occhiuto - Cremorne
117-121 Lewis Road & 84 Parkhurst Drive Knoxfield, VIC 3180

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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