Knight Frank agents Adam Athorne and Josh Burne list an industrial property with low site coverage in Melbourne’s southeast, 5 Johnston Court in Dandenong South for sale.
An industrial property with low site coverage in Melbourne’s southeast offering potential growth or redevelopment is up for sale.
Situated at 5 Johnston Court in Dandenong South, the property consists of a 2,440sqm site that is occupied by a 406sqm building, including 305sqm of office/retail and 101sqm of warehouse space.
It is currently leased to Global Welding Technologies Group Victoria Pty Ltd, operating as Dandy Gas, for $140,000 pa + GST and outgoings.
The property is being taken to the market via an Expressions of Interest campaign run by Knight Frank agents Adam Athorne and Josh Burne.
Mr Athorne said 5 Johnston Court was located in one of the most sought-after pockets of Dandenong South, providing an attractive central location in the southeast.
“The property is located 350 metres from the Dandenong Bypass which provides outstanding accessibility to the Princes Highway, South Gippsland Highway and Eastlink,” he said.
“Major occupiers within the area are JB Hi-Fi, Officeworks, Focus On Furniture, Harvey Norman and The Good Guys.”
Mr Burne said the Dandenong South property is a rare low site coverage property, with 46 metres of street frontage to Johnston Court.
“The building on the site provides an excellent home for the current business with separate office, warehouse, hardstand and retail areas,” he said.
“However, the site also has the added benefit of unutilised land on the property that could be used for future growth or development, subject to approvals.”
The Expressions of Interest campaign for the property will close on April 10, 2025.
Related Readings
70% of industrial warehouse development sold in Wilmac Corio - Knight Frank | The Industrialist
Development site bordering Perth CBD sold for $14.5m - Knight Frank | The Industrialist