CROYDON SOUTH
117-121 Merrindale Drive, CROYDON SOUTH VIC 3136
OUTSTANDING INVESTMENT WITH MULTI NATIONAL TENANT.
GormanKelly is delighted to offer 117-121 Merrindale Drive, CROYDON SOUTH For Sale.
THE LOCATION.
Located in the well sought-after Merrindale Business Estate in amongst major operators and multinationals this estate offers wide roadway networks to service your business along with multiple cafes to service your staff and client needs. A very modern estate with recent developments maintaining the high-level standard in design and technology.
The estate runs off Dorset Road which offers bus services back to main local railway stations and is only a short run back to access Eastlink and other main arterials.
THE BUILDING.
PROPERTY VIDEO: https://www.youtube.com/watch?v=XxYVa3Mhwlo
State of the art modern designed 2 level facility sitting on its own title of 5,003m² with a 45m frontage to Merrindale Drive. Designed by renowned Pellicano builders and built early 2000, the 1,545m² (GLA) building comprises of mainly partitioned offices, meeting/board rooms, generous lunchroom along with R&D areas. The building offers generous natural light to all sides of the building plus ample staff/client parking to the side and rear of the building. The building has been designed with the ability to expand simply out the rear where the site offers excess land for such expansion.
THE LESSEE.
MoTec is owned by Bosch, one of the largest independently owned businesses in the world. The Bosch Group is a leading global supplier of technology and services. It employs roughly 402,600 associates worldwide (as of December 31, 2021). The company generated sales of 78.7 billion euros in 2021. MoTec itself employs 54 staff, with a network of 250 authorised dealers worldwide and main offices in Europe and the United States, MoTeC has become associated to motorsport in almost every racing category across the globe, on four wheels or two.
THE LEASE.
• Three (3) Years from September 2022
• Base rent - $340,200 per annum net plus GST
• Rent fixed for the first 3 years with a market review at the option then CPI annually
• Non-retail lease so single holding land tax and management fees are chargeable against the lessee
• Option – Three (3) Years
For further details please contact Jason Beveridge or Glenn Neilson.
