FOR SALE – Dual industrial investment opportunity in Melbourne’s south-east
384-394 South Gippsland Highway, Dandenong, Vic 3175 Australia
OVERVIEW
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.
- South East Melbourne
Details
- Building Size:
- 16,696 SQM
- Sale Price:
- Contact us for pricing
- Lot Size:
- 38,800 SQM
AVAILABILITIES