2 Commercial Drive, Pakenham VIC 3810
| Sector | Industrial/Warehouse | |
| Land Area | 10,485sqm | |
| Floor Area | 2,421sqm | |
| Property Extent | Whole | |
| Tenure Type | Tenanted | |
| Zoning | Industrial 1 Zoning |
Blue Chip Investment Opportunity With Surplus Land
- Brand New Lease - Options To 2034
- Potential Future Development Area (STCA)
- Triple Street Access
Total Land Area: 10,485 sqm
Total Building Area: 2,421 sqm
Warehouse Area: 1,751 sqm
Ground Floor Showroom: 474 sqm
First Floor Office Area: 196 sqm
Property Features
Key Features:
- Triple street access from Tarmac Way, Commercial Drive and Greenhills Road (Future Thompsons Road Extension)
- Concrete panel construction
- Extensive concrete hardstand area
- High profile corner location
- Future frontage to continuation of Thompsons Road
- Premium extensive fitout
- Potential space for further development (STCA)
Lease Details:
- Tenant: Dahlsens Building Centres PTY LTD (National Hardware Company)
- Lease term: 5 + 5 years
- Lease Commencement: 15th March 2024 with further options to 2034
- Rental Return: $450,000 per annum + GST + Outgoings
- Rental Increases: CPI annual increases
- Strong security in place with directors guarantees and bond
