RARE DANDENONG SOUTH INDUSTRIAL INFILL SITE | SELF STORAGE BUSINESSES, OWNER OCCUPIERS & DEVELOPERS TAKE NOTE
Colliers is proud to exclusively bring to market for sale 91 Remington Drive, Dandenong South. An irreplaceable opportunity for self-storage businesses, owner occupiers and developers to acquire a prime industrial infill site in Dandenong South. The site currently has high quality existing self-storage improvements managed by Southern Self Storage offering holding income on an ultra-low-site coverage of 31.31%*. This is an exciting and flexible opportunity to add value to the existing storage units to maximise site coverage or re-develop into a new state-of-the-art industrial estate with one or multiple office/warehouses (STCA).
91 Remington Drive, Dandenong South is offered for sale via Expressions of Interest, closing Wednesday, 19th June 2024 at 3.00pm (AEST).
Key Investment Highlights:
• Total site area: 11,526m²*
• Industrial 1 Zone
• Securely fenced & gated site
• Total building area of storage units & office/amenities: 3,608.75m²*
• 215 storage units offering flexible sizing between 8.59m²* - 46.25m²*
• Ultra Low Site Coverage: 31.31%*
• Short-term holding income available
The property is ideally positioned within proximity to Dandenong South’s premier business parks including M1 & Innovation Park (Pellicano), Nexus Estate (Salta) and Rubix Connect (Frasers). Plus surrounding residential catchments including Hampton Park, Lynbrook, Dandenong, Cranbourne & Sandhurst are the employee driving force behind the thriving Dandenong South industrial market.
In 2023 the Victorian Government funded Remington Drive Overpass was completed and connects Abbotts Road to Pound Road West which provides direct access to the South Gippsland Freeway and Monash Freeway. This infrastructure upgrade has minimised traffic congestion and significant reduced travel time in the immediate precinct.
Opportunities of this stature and quality rarely come to market. Do not miss this opportunity to secure 91 Remington Drive, Dandenong South.
Contact the exclusively appointed Colliers sales agents to arrange an inspection today.
*Approximate
**Outline indicative only
Remember to mention you found this property on DevelopmentReady
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