Watch Watch
Your home of Development Ready videos
Watch Watch
Back
Sold Check

508-550 Wellington Road, Mulgrave, VIC, 3170

+1 Photos

508-550 Wellington Road, Mulgrave, VIC, 3170

Mulgrave

×
Sold Check
+3 Photos

508-550 Wellington Road, Mulgrave, VIC, 3170

Mulgrave

SOLD
508-550 Wellington Road, Mulgrave, VIC, 3170

508-550 Wellington Road, Mulgrave, VIC, 3170

Properties / Sold / Victoria / Mulgrave
Development Potential
Property Type
Industrial
Land Area
23.23 hectares (*approx)
Selling Method
For Sale: In-One-Line via International Expressions of Interest Closing Thursday, 24 August 2023 at 3.00pm (AEST).
Show All
A Last Mile Logistics Opportunity of Unmatched Scale
  • 23.23 Ha* potential infill development
  • Ideal last mile logistics location
  • Net Passing Income of $6.15million p.a.*

Dawkins Occhiuto are pleased to exclusively present for your consideration the most significant infill opportunity to come to market in 2023.

Located approximately 23 kilometres southeast of the Melbourne CBD, 508-550 Wellington Road, Mulgrave represents an unprecedented opportunity to acquire an enormous 23.23 hectare* infill site within one of Melbourne’s most tightly held inner southeastern suburbs. 

Underpinned by strong tenant covenants, the property offers an impressive, combined holding income, future development upside and the ability to reposition existing improvements, capturing rental reversion.

522-550 Wellington Road is home to Woolworths’ Victorian head office and one of two national distribution centres operated by the retail giant. 508-520 Wellington Road comprises Renold Australia’s head office, factory and distribution centre. 

Key features of the offering include:

  • Total site area: 23.23 Ha* 
  • One of Melbourne’s largest infill sites
  • 2 adjoining logistics & distribution centres offering 76,193 sqm* of gross lettable area
  • 100% leased to Woolworths and Renold Australia
  • Ideal last mile logistics destination in the heart of the South East 
  • Net passing income: $6.15 million p.a.* (as at 1 August 2023)

This standout property is offered for Sale In-One-Line via International Expressions of Interest closing Thursday, 24 August 2023 at 3.00pm (AEST).

Please contact exclusive selling agents, Dawkins Occhiuto for more information.

*Approx.

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

508 Wellington Road Development Site Summary

Property Type
Industrial
Land Area
23.23 hectares (*approx)
Selling method
For Sale: In-One-Line via International Expressions of Interest Closing Thursday, 24 August 2023 at 3.00pm (AEST).

Development Site Highlights

A Last Mile Logistics Opportunity of Unmatched Scale
  • 23.23 Ha* potential infill development
  • Ideal last mile logistics location
  • Net Passing Income of $6.15million p.a.*

Dawkins Occhiuto are pleased to exclusively present for your consideration the most significant infill opportunity to come to market in 2023.

Located approximately 23 kilometres southeast of the Melbourne CBD, 508-550 Wellington Road, Mulgrave represents an unprecedented opportunity to acquire an enormous 23.23 hectare* infill site within one of Melbourne’s most tightly held inner southeastern suburbs. 

Underpinned by strong tenant covenants, the property offers an impressive, combined holding income, future development upside and the ability to reposition existing improvements, capturing rental reversion.

522-550 Wellington Road is home to Woolworths’ Victorian head office and one of two national distribution centres operated by the retail giant. 508-520 Wellington Road comprises Renold Australia’s head office, factory and distribution centre. 

Key features of the offering include:

  • Total site area: 23.23 Ha* 
  • One of Melbourne’s largest infill sites
  • 2 adjoining logistics & distribution centres offering 76,193 sqm* of gross lettable area
  • 100% leased to Woolworths and Renold Australia
  • Ideal last mile logistics destination in the heart of the South East 
  • Net passing income: $6.15 million p.a.* (as at 1 August 2023)

This standout property is offered for Sale In-One-Line via International Expressions of Interest closing Thursday, 24 August 2023 at 3.00pm (AEST).

Please contact exclusive selling agents, Dawkins Occhiuto for more information.

*Approx.

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

Finance Calculator

508-550 Wellington Road, Mulgrave, VIC, 3170

Secure/no obligation

Step 1

Loan Variables

Adjust the inputs to explore your indicative finance options.

You can adjust the inputs below by tapping ‘Adjust Variable Inputs’.

Estimated Purchase Price: $x,xxx,xxx
What you intend to pay for the property
Your Contribution: $x,xxx,xxx
The amount you’re investing
LVR: $x,xxx,xxx
Loan to Value Ratio

Estimated Purchase Price:*

What you intend to pay for the property

$

Your Contribution:

The amount you’re investing

Min: 0% - Max: 90% of purchase price.

$

LVR:

Loan to Value Ratio

Min: 10% - Max: 100% of purchase price.

%

Loan Analysis

Estimated Purchase Price:
Your expected purchase price. Final lender valuation may differ and will affect LVR and borrowing.
$x,xxx,xxx
Your Contribution:
Your funds toward the purchase (savings/equity/gift). Does not include costs like duty, legals or LMI.
$xxx,xxx
Loan to Value Ratio:
Calculated as Loan ÷ Price. Guidance only. Lender policy caps vary by property type, location and borrower profile.
xx%
Loan Amount:
Estimated loan based on your inputs. Excludes fees, LMI and costs. Subject to credit assessment and valuation.
in full report
Interest Only: Monthly Repayments
Estimate using interest-only at 5.85% p.a. Excludes fees. Rates can change without notice.
in full report
Principal & Interest: Monthly Repayments
Estimate at 5.85% p.a. over 15 years, monthly compounding. Excludes fees/LMI. Rates may change.
in full report
Stamp Duty: victoria
Indicative rate for victoria. Concessions/exemptions (e.g., first home) may apply and change the amount.
in full report
Stamp Duty Cost:
Estimate only. Check SRO victoria for the latest rules and any concessions that may reduce this figure.
in full report

Property Location of 508-550 Wellington Road, Mulgrave, VIC, 3170

One moment please.

Retrieving map...

Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Report Contains

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Download Report
Download Report
508-550 Wellington Road, Mulgrave, VIC, 3170 Mulgrave
D+O Property
D+O Property
suite 10 level 3, 299, Toorak Road, South Yarra, Stonnington City, Victoria, Australia, 3141