Long-term Redevelopment Potential
Location
7-27 Gladstone Rd,
Dandenong
Dandenong
Project Type
Industrial Investment
Land Size
2.05Ha
Building Size
11,914sqm
Completion Date
2019
End Value
$14.75m
Enquire
Gladstone Road
Location
7-27 Gladstone Rd,
Dandenong
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
PROJECT PARTNERS
Builders
Level 10
Town Planning
Tract
Up Property Pty Ltd
Level 1, 85 Union St
Armadale Victoria
3143 Australia