Investment Property Sold
For Sale Industrial/Warehouse

FOR SALE – Dual industrial investment opportunity in Melbourne’s south-east

384-394 South Gippsland Highway, Dandenong, Vic 3175 Australia
Investment Property Sold
For Sale Industrial/Warehouse

FOR SALE – Dual industrial investment opportunity in Melbourne’s south-east

384-394 South Gippsland Highway, Dandenong, Vic 3175 Australia
Building Size
16,696 SQM
Lot Size
38,800 SQM
Building Size
16,696 SQM
Lot Size
38,800 SQM

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

LOCATION

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS