The 3,810m² office/warehouse situated on a prominent corner site of 6,956m² was sold by AND Property agents Ricardo Cappelletti, Ben Quennell, and Joff Mithen. 

“The property was listed with another agency online for 8 months; however, AND Property were able to leverage their network to secure a buyer within 3 weeks of introducing the opportunity to the purchaser,” Mr Cappelletti said. 

Situated at the crucial intersection of Dohertys Road and Dunmore Drive, this property boasts a gross passing income of $444,716 per annum plus GST.

Completed in 2021, the building features five container-height roller shutter doors, a generous springing height of 10.2 metres, and a substantial canopy covering 210 square metres, making it an ideal facility for various industrial operations. 

“The property was sold with options valid until 2031, offering a net yield of 3.75%. According to Mr. Mithen, the option included a cap and collar of 10%.” 

“The sharp holding yield is uncommon in the current climate; however, this investor understood the future upside the building will hold given comparable sales for vacant assets,” Mr Quennell added. 

The completed transaction of 2A Dunmore Drive, means that AND Property have now sold over $130,000,000 across 23 sales since they began in March 2024. Their remarkable success has been down to their proficiency in Melbourne’s core west, where they have negotiated more than 92,000m² of industrial property.

Property Highlights & Investment Summary: 

• Address: 2A Dunmore Drive, Truganina 
• Site Area: 6,956m² 
• Asset Type: Industrial 3 Office/warehouse 
• Sale Price: $8,350,000 
• Rate: $2,192/m²
• Buyer Profile: Private Investor 
• Passing Income: $444,716 + GST 
• Gross Lettable Area (GLA): 3,810m² 
• Rental Rate: $117/m² 
• Net Yield: 3.75%

Related Readings 

AND Property & CPN Commercial achieve joint industrial transaction - Melbourne | The Industrialist

Truganina industrial assets reap more than $30 million through AND Property | The Industrialist

Two Truganina industrial sites sold by AND Property | The Industrialist

Two side-by-side warehouses sold by AND Property | The Industrialist