2 Luisa Avenue, DANDENONG SOUTH VIC
Invest, Subdivide & Prosper with a Dual-Income Industrial Asset
For Sale $1,690,000
Corner site - subdivision potential STCA
Quality tenant pays 100% outgoings
Compelling Value-Add Opportunity
Secure an exceptional industrial investment that combines immediate rental returns, a substantial landholding, and outstanding long-term potential.
Positioned on a highly exposed 1,212 m² corner allotment, this unique offering comprises two adjoining industrial properties on a single title, delivering a high combined net passing income of $87,040 per annum and providing exceptional flexibility for investors, developers and future owner-occupiers.
The property features approximately 630m² of total building area across two well-maintained industrial buildings, each with separate street frontages, crossovers, and service connections. A rare adjoining side-holding yard of approximately 250m² further enhances functionality, while the prominent corner position provides excellent exposure and signage opportunities. With secure lease profiles and versatile warehouse accommodation, this asset offers immediate income and significant scope for future value creation.
Each building has been designed to support a broad range of industrial operations.
2 Luisa Avenue, comprises a functional 252m² warehouse with high internal clearance, secure roller door access, ample on-site parking, and valuable corner exposure, providing excellent signage and branding opportunities. The property is leased until May 2027 with a further two-year option.
4 Apoinga Street, leased until October 2028 with no further options, features a clear-span warehouse of approximately 368m² together with a secure side yard of approximately 250m². Improvements include three-phase power, dual roller-door access, kitchen and shower amenities, minimal office accommodation, and a clearance of approximately 6.0 to 6.6 metres under the beam, making it ideal for storage, racking, and a wide range of industrial applications.
Ideally located within one of Melbourne's most established industrial precincts, the property enjoys outstanding connectivity to Eastlink, Frankston-Dandenong Road, and Melbourne's major arterial road network. Its strategic location provides convenient access for transport and logistics while placing occupiers within close proximity to key commercial and industrial hubs, enhancing both current appeal and future redevelopment potential (STCA).
Invest with confidence and unlock the property's future potential!
Enquire at www.faceyproperty.com.au to make your next move.