109 Elgar Road, Derrimut, Vic 3026

Gross Waddell ICR is pleased to offer for sale 109 Elgar Road, Derrimut, positioned in one of Melbourne's most sought-after industrial zones renowned for its strategic location and excellent connectivity. Boasting short-term holding income to March 2025, the property provides unparalleled potential for an owner occupier or savvy investor to lease out post lease expiration.

•	High profile warehouse/ showroom within a tightly held industrial and showroom precinct 

•	Strategic landholding of 1,970 sqm* with a flexible Industrial 1 Zoning (IN1Z) 

•	Catering for a high clearance warehouse/ food manufacturing facility with a total building area of 1,645 sqm* 

•	The facility is currently a food processing facility featuring a well-designed layout optimised for efficient workflow

•	Short-term holding income returning $176,856 net* per annum, providing further rental reversion at lease expiration

•	Existing lease expiry on 31st March 2025 and no further options

•	Ideal connectivity with easy access to Western Freeway, Ring Road and Princes Freeway

•	Meters to an abundance of retail and lifestyle amenity including Derrimut Village Shopping Centre and Deer Park train station

The property if for sale via Expressions of Interest closing at 3:00 pm on Wednesday the 13th of November 2024. For further information or to organise an inspection, please contact the team at Gross Waddell ICR.

*approx.