An 11,760 sqm* prime industrial landholding situated in a last-mile logistics location is coming to market for the first time in 19 years.
The property located at 292-306 Lower Dandenong Road, Mordialloc, is on the corner of Lower Dandenong Road & Sibthorpe Street, has been occupied by Mr Donut who has established a strong name across the country, with the doughnuts being supplied in all major retailers including, Coles, Woolworths and IGA. The corner landholding, being offered with vacant possession is being sold along with the existing business including the associated fixtures and fittings. Stonebridge Property Group’s Dylan Kilner, Jacob Biviano, Rorey James and Chao Zhang are handling the sale.
The total building area of 5,234 sqm* consists of cold storage and food processing facility bolstered by high clearance roller doors and fully self-contained amenities with an internal ceiling height of 8.2 m* in the warehouse component. Stonebridge’s Dylan Kilner noted, “67% of the property is occupied by the existing warehouse, with office occupying 18%, followed by cold storage facilities with temperature control (15%) allowing for a multitude of uses which will certainly attract owner occupiers and food manufacturing businesses.”
Stonebridge Jacob Biviano noted, “the expansive 151m* of frontage to Lower Dandenong Road allowing for excellent exposure, private parking on-site with the property having its own set of traffic lights, allowing strong accessibility for trucks and larger sized vehicles”.
Chao Zhang, “the property offers a rare opportunity for Asian occupiers, developers, and value-add buyers to purchase a premium Industrial 1 Zone landholding. Industrial landholdings of this scale are scarce, and we expect strong interest from local and offshore capital”.
“The asset is directly opposite Moorabbin airport surrounded by national retailers and businesses including Brighton BMW Mentone, National Storage Mordialloc and Chifley Business Park South. These attributes coupled with the favourable zoning provide a rare opportunity for groups to secure a generational asset” said Stonebridge Partner, Rorey James.
292-306 Lower Dandenong Road, Mordialloc is offered for sale via Expressions of Interest Closing Thursday 23rd November 2023 at 2:00 pm.
