Land - Development Site
*** SOLD ***
Quinn Property Co, with Charter Keck Cramer acting as Transaction Advisor, is pleased to offer this unique industrial development opportunity located in a highly sought after pocket of Dandenong South.
The property to be sold at public auction, offers an immediate development play (STCA) to 662sqm (approx) of rear land, whilst the front 338sqm (approx) will be sold subject to a leaseback to one of Australia's top 20 listed companies, Telstra Corporation Limited.
Key features include:
~ Single title with total site area: 1,000sqm*
~ Industrial 1 zoning
~ Front land of 338sqm* with exchange building, to be leased back to Telstra on a 99 year term at a "peppercorn" rental (tenant only break clause)
~ Rear developable land of 662sqm* which is unencumbered and available for immediate occupation, development or subdivision (STCA)
~ Ideal for yard storage or a new warehouse build (STCA)
~ Single vehicle crossover to Swift Way with a shared driveway providing access alongside the side of the land
~ Swift Way has direct access to Hammond and Frankston-Dandenong Roads
~ Excellent connectivity to major road and freeway network including East Link, Dandenong Bypass and Greens Road
~ Opportunity to sell back the front portion to Telstra (subject to subdivision)
~ Full due diligence pack available including proposed Plan of Subdivision and Option Contract
The property is to be sold via an on-site Public Auction to be held at 12:00 pm on Wednesday the 25th of March.
For further details please contact:
Julian Vautin 0420 406 660
Marcus Quinn 0439 328 080
OPEN FOR INSPECTION:
Wednesday 11th March 1pm -1.30pm
Wednesday 25th March 11.30am-12pm (prior to auction)
* Approximate
NOTE ~ All boundary outline indications in marketing material and images are indicative only/refer to title for exact boundary dimensions.