2-24 Pound Road West, Dandenong South, 384-394 South Gippsland Highway,
Dandenong, VIC 3175
Warehouse, Factory & Industrial
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Cushman & Wakefield - Melbourne
Level 9, 385 Bourke StreetMELBOURNE, VIC 3000
2-24 Pound Road West, Dandenong South, 384-394 South Gippsland Highway
Dandenong, VIC 3175
Map of 2-24 Pound Road West, Dandenong South, 384-394 South Gippsland Highway
FOR SALE – Dual industrial investment opportunity in Melbourne’s south-east
- Reversionary Upside
- Secure Income
- Premier Industrial Location
Cushman & Wakefield Capital Markets Logistics & Industrial are pleased to present the opportunity to acquire two high-exposure, highway-located industrial investments superbly positioned within Melbourne’s South East.
The offering provides a rare chance to secure a large, corner site with modern improvements deriving secure income with substantial future reversion potential.
Key Investment Highlights include:
• Secure Income – Fully leased to Dulux Group and Bowen & Pomeroy, returning $1.68m p.a. with a 3.4 year WALE
• Rental Upside – Estimated 53% reversionary rental uplift to over $2.5m p.a., with uncapped rent reviews
• Premier Location – Dandenong South is one of Australia’s most sought-after industrial precincts with a vacancy rate of just 1.4%
• Rental Growth – The South East continues to outperform with 9.2% rental growth YoY, outperforming the broader Melbourne average
• Strong Fundamentals – The opportunity is heavily underpinned by underlying land value and significantly below replacement cost
• Tight Land Supply – Less than 200 ha of active land supply remains in Melbourne’s South East
*All figures approximate & as at 1 October 2025
The assets are being offered individually or in-one-line via an Expressions of Interest campaign closing 18th September 2025 at 3pm (AEST).
For further information please contact the below exclusive marketing agents.
The offering provides a rare chance to secure a large, corner site with modern improvements deriving secure income with substantial future reversion potential.
Key Investment Highlights include:
• Secure Income – Fully leased to Dulux Group and Bowen & Pomeroy, returning $1.68m p.a. with a 3.4 year WALE
• Rental Upside – Estimated 53% reversionary rental uplift to over $2.5m p.a., with uncapped rent reviews
• Premier Location – Dandenong South is one of Australia’s most sought-after industrial precincts with a vacancy rate of just 1.4%
• Rental Growth – The South East continues to outperform with 9.2% rental growth YoY, outperforming the broader Melbourne average
• Strong Fundamentals – The opportunity is heavily underpinned by underlying land value and significantly below replacement cost
• Tight Land Supply – Less than 200 ha of active land supply remains in Melbourne’s South East
*All figures approximate & as at 1 October 2025
The assets are being offered individually or in-one-line via an Expressions of Interest campaign closing 18th September 2025 at 3pm (AEST).
For further information please contact the below exclusive marketing agents.
Dandenong, 3175 demographic data
The median household income for Dandenong is $1,267, 33% lower than Greater Melbourne's household income of $1,901. Dandenong has a younger age profile compared to the rest of Greater Melbourne (median age 33 vs 37). Property ownership data shows 53% of property owners in Dandenong have a mortgage.
30,127
Population
$1,267 per week
Median household income
33 years
Median age
Renters
Most residents
Families
Most households
Cushman & Wakefield - MelbourneLevel 9, 385 Bourke Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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