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    269-271 Frankston-Dandenong Road

    • Dandenong South VIC

    • GLA 7,351sqm on Land 24,330sqm

    • Purchase November 2012 • Sold April 2015

    • IRR 27.7%
    • TR 72.9%
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    Strategy

    An industrial facility built in 1970 and modernised in 2004. The facility consists of an office, factory and warehouse with total building area of 7,095sqm on land area of 2.43 hectares.

    Located on the north eastern corner of Frankston-Dandenong Road and Cojo Place, approx 32km south east of Melbourne.

    The property was purchased on a sale lease back agreement.

    Activities

    Pre-acquisition, QE successfully negotiated a new 10 year lease with the long-standing occupant.

     

     

    Outcome

    Notwithstanding the relatively passive nature of this investment, we continually focused on developing and maintaining a strong relationship with the tenant.

    In 2014, we built a storage shed of approx. 250sqm to the tenant’s specifications and in return the tenant agreed to execute a new 14 year lease.

    Property was sold in April 2015.

    Looking for bespoke space for your business?

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