508-520 Wellington Road,
Mulgrave, VIC 3170

Warehouse, Factory & Industrial • Development Sites & Land

Key property information

Land area

Floor area

Property extent

Tenure type

Sold on

Map of 508-520 Wellington Road

Directions

STRATEGIC 4HA LANDHOLDING WITH INCOME

Property highlights include:
+ Site area of 41,114sqm*
+ 8,049sqm* office/warehouse building
+ Suitable for manufacturing or warehousing
+ Leased to Renold Australia Pty Ltd
+ NET passing income of $960,990 per annum
+ Lease expiry March 2020
+ Prime industrial infill site adjoining Woolworths national distribution centre and Victorian state head office
+ Ideally located for 'last mile' logistics use
+ Excellent access to the Monash Freeway & Eastlink
+ Proximity to the Monash University & National Employment and Innovation Cluster
+ Massive residential catchment and access to a highly skilled workforce
+ Myriad of short term development options and long term repositioning potential
+ One of Mulgrave's last substantial development sites for industrial development OR owner occupation
+ Significant frontage and exposure to Wellington Road and Monash Freeway

EXPRESSIONS OF INTEREST CLOSING THURSDAY 30TH AUGUST 2018 AT 4.00PM

*denotes approx

Mulgrave, 3170 demographic data

The median household income for Mulgrave is $1,913, 1% higher than Greater Melbourne's household income of $1,901. Mulgrave has an older age profile compared to the rest of Greater Melbourne (median age 40 vs 37). Property ownership data shows 48% of property owners in Mulgrave have a mortgage.

19,889

Population

$1,913 per week

Median household income

40 years

Median age

Owners

Most residents

Families

Most households