Case Study: 37-41 Mark Anthony Drive, Dandenong South
Corner powerhouse with expansion opportunities!
Successfully sold - A secure office/warehouse, providing a safe investment
The property’s outstanding presentation played a key role in achieving a strong sale result and a tight yield. Demand from occupiers remained robust, while the certainty following the recent federal election helped attract investors back to the industrial market.
SOLD/LEASED
In excess of $4.1m
Sale
21/05/2025
Sub 3.7% Yield
115 enquiries
The property attracted multiple enquiries and inspections predominantly via our knowledge of active buyers, complemented with strategic placement on the most effective web portals.
Property Info
A secure investment with all outgoings recoverable, including land tax.
- 5-year lease expiring October 2027
- Current income approx. $152,000pa – with market rental estimated at $204,000pa for a facility of this calibre
- Prominent corner access from Mark Anthony Drive and Villas Road
- Modern 1,455m² factory with potential for rear expansion
- 256m² single-level, air-conditioned office space
- High-clearance warehouse
- Dual roller shutter doors with canopies
- Purpose-built for the storage of dangerous goods, featuring fire-rated walls, ventilation systems, and high gutters
- Large side yard with secure fencing
Sales Process
As the market showed signs of being unwilling to participate in a Sale by Expression of Interest, we pivoted to a Sale by Set Date model, which produced competitive offers in the form of binding offers.
Specific Market Status
The property was transacted in May 2025. The industrial property market continued to achieve strong results from occupiers, and the certainty of the recent federal election drew some investors back to the market. The property was superbly presented, and this fact was a factor in achieving a strong result and a very tight yield.
Result Highlight
Facey Property received multiple offers, but a standout buyer emerged through the sales process, exceeding our range.
