Gladstone Road

Long-term Investment with Redevelopment Potential

Location 7-27 Gladstone Rd,
Dandenong
Project Type Industrial Investment
Land Size 2.05Ha
Building Size 11,914sqm
Completion Date 2019
Enquire Gladstone Road
Location 7-27 Gladstone Rd,
Dandenong
Project Type Industrial Investment
Land Size 2.05Ha
Building Size 11,914sqm
Completion Date 2019

This site on Gladstone Road, Dandenong, was an industrial investment purchased as a sale and leaseback to a single tenant for 12 years. Situated on 20,500sqm of land abutting a residential area, and containing approximately 11,500sqm of improvements, this site was purchased as a high yielding investment with the long-term foresight for potential rezoning and redevelopment. An opportunity presented itself to sell the site, which subsequently took place in 2019.

20,500 20,500sqm of land abutting a residential area 11,500 11,500sqm of improvements made to the site
"This industrial site was purchased with a long lease in place to a good tenant providing a high yielding stable income, with the value add opportunity of re-zoning and redevelopment into a mixed use project in the future." Jonathan Yap Investment and Development Manager, Up Property

PROJECT PARTNERS

Builders Level 10
Town Planning Tract