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1-5 Research Dr - Units 1 & 2 15,683 - 15,866 SF Industrial Condo Units Offered at $4,320,413 - $4,370,823 Per Unit in Croydon South, VIC 3136
Investment Highlights
- Architect-designed layouts featuring high-clearance clear-span warehouses up to 8.8 meters.
- Positioned on a prominent corner within Merrindale Estate with exceptional visibility and access.
- Allocated car parking with landscaped surrounds in a modern, premium industrial enclave.
- Dual-level integrated office showrooms with amenities on both floors.
- Direct connectivity to Eastlink, Canterbury Road, and Maroondah Highway.
Executive Summary
1–5 Research Drive, Croydon South is a newly developed industrial estate comprising seven office/warehouse buildings located on the corner of Research Drive and Dorset Road within the Merrindale Industrial Estate. The development offers industrial facilities ranging from approximately 605 sqm to 1,474 sqm, with the ability to combine units for larger occupier requirements. The buildings incorporate high-clearance clear-span warehouse accommodation of up to approximately 8.8 metres, together with integrated two-level office and showroom areas and amenities on both levels. Each unit includes allocated on-site car parking and is situated within an Industrial 1 Zoned precinct. The property provides access to major transport routes including EastLink, Canterbury Road and Maroondah Highway, supporting connectivity throughout Melbourne’s eastern industrial market. The estate is positioned within an established commercial and industrial precinct that includes a range of retail, trade and service-based occupiers.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Owner User | APN/Parcel ID | 1\PS926722 |
| No. Parking Spaces | 22 |
| Sale Type | Owner User |
| No. Parking Spaces | 22 |
| APN/Parcel ID | 1\PS926722 |
Description
Unit 1 has 120 Amp incoming supply.
Sale Notes
This newly developed industrial estate features seven architecturally designed office-warehouse units positioned on a prominent corner at Dorset Road and Research Drive within Melbourne’s thriving eastern corridor. Constructed by Elite Property Group, the project delivers exceptional quality and functionality for discerning owner-occupiers and investors seeking enduring value.
Each unit offers a perfect balance of office and warehouse space, with integrated dual-level office/showroom areas and premium internal finishes that reflect modern design standards. The warehouses provide high-clearance, clear-span layouts up to 8.8 meters, optimizing storage and operational efficiency. Substantial on-site parking, landscaped surrounds, and Industrial 1 zoning make this estate an exceptional fit for logistics, light manufacturing, or showroom-based businesses.
Positioned within the Merrindale Industrial Estate, the property enjoys immediate access to Eastlink, Canterbury Road, and Maroondah Highway, ensuring fast connectivity across the Melbourne region. Local amenity anchors include Bunnings, Officeworks, De Bortoli Wines, and Merrindale Shopping Centre, enhancing convenience for business operators and staff alike.
Limited availability, premium finishes, and prime positioning make this offering an outstanding opportunity to secure space in one of Melbourne’s most tightly held industrial markets.
Each unit offers a perfect balance of office and warehouse space, with integrated dual-level office/showroom areas and premium internal finishes that reflect modern design standards. The warehouses provide high-clearance, clear-span layouts up to 8.8 meters, optimizing storage and operational efficiency. Substantial on-site parking, landscaped surrounds, and Industrial 1 zoning make this estate an exceptional fit for logistics, light manufacturing, or showroom-based businesses.
Positioned within the Merrindale Industrial Estate, the property enjoys immediate access to Eastlink, Canterbury Road, and Maroondah Highway, ensuring fast connectivity across the Melbourne region. Local amenity anchors include Bunnings, Officeworks, De Bortoli Wines, and Merrindale Shopping Centre, enhancing convenience for business operators and staff alike.
Limited availability, premium finishes, and prime positioning make this offering an outstanding opportunity to secure space in one of Melbourne’s most tightly held industrial markets.
| Sale Type | Owner User | APN/Parcel ID | 2\PS926722 |
| No. Parking Spaces | 22 |
| Sale Type | Owner User |
| No. Parking Spaces | 22 |
| APN/Parcel ID | 2\PS926722 |
Description
Unit 2 has 120 Amp incoming supply.
Sale Notes
This newly developed industrial estate features seven architecturally designed office-warehouse units positioned on a prominent corner at Dorset Road and Research Drive within Melbourne’s thriving eastern corridor. Constructed by Elite Property Group, the project delivers exceptional quality and functionality for discerning owner-occupiers and investors seeking enduring value.
Each unit offers a perfect balance of office and warehouse space, with integrated dual-level office/showroom areas and premium internal finishes that reflect modern design standards. The warehouses provide high-clearance, clear-span layouts up to 8.8 meters, optimizing storage and operational efficiency. Substantial on-site parking, landscaped surrounds, and Industrial 1 zoning make this estate an exceptional fit for logistics, light manufacturing, or showroom-based businesses.
Positioned within the Merrindale Industrial Estate, the property enjoys immediate access to Eastlink, Canterbury Road, and Maroondah Highway, ensuring fast connectivity across the Melbourne region. Local amenity anchors include Bunnings, Officeworks, De Bortoli Wines, and Merrindale Shopping Centre, enhancing convenience for business operators and staff alike.
Limited availability, premium finishes, and prime positioning make this offering an outstanding opportunity to secure space in one of Melbourne’s most tightly held industrial markets.
Each unit offers a perfect balance of office and warehouse space, with integrated dual-level office/showroom areas and premium internal finishes that reflect modern design standards. The warehouses provide high-clearance, clear-span layouts up to 8.8 meters, optimizing storage and operational efficiency. Substantial on-site parking, landscaped surrounds, and Industrial 1 zoning make this estate an exceptional fit for logistics, light manufacturing, or showroom-based businesses.
Positioned within the Merrindale Industrial Estate, the property enjoys immediate access to Eastlink, Canterbury Road, and Maroondah Highway, ensuring fast connectivity across the Melbourne region. Local amenity anchors include Bunnings, Officeworks, De Bortoli Wines, and Merrindale Shopping Centre, enhancing convenience for business operators and staff alike.
Limited availability, premium finishes, and prime positioning make this offering an outstanding opportunity to secure space in one of Melbourne’s most tightly held industrial markets.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 15,866 SF | Industrial | $4,370,823 ($275.48/SF) | - |
| Unit 2 | 15,683 SF | Industrial | $4,320,413 ($275.48/SF) | - |
Unit 1
| Unit Size |
| 15,866 SF |
| Condo Use |
| Industrial |
| Price |
| $4,370,823 ($275.48/SF) |
| NOI |
| - |
Unit 2
| Unit Size |
| 15,683 SF |
| Condo Use |
| Industrial |
| Price |
| $4,320,413 ($275.48/SF) |
| NOI |
| - |
1 of 0
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Unit 1
| Unit Size | 15,866 SF |
| Condo Use | Industrial |
| Price | $4,370,823 ($275.48/SF) |
| NOI | - |
| Sale Type | Owner User |
| No. Parking Spaces | 22 |
| APN/Parcel ID | 1\PS926722 |
| Description | |
| Unit 1 has 120 Amp incoming supply.</li></ul> | |
| Sale Notes | |
| This newly developed industrial estate features seven architecturally designed office-warehouse units positioned on a prominent corner at Dorset Road and Research Drive within Melbourne’s thriving eastern corridor. Constructed by Elite Property Group, the project delivers exceptional quality and functionality for discerning owner-occupiers and investors seeking enduring value.<br> Each unit offers a perfect balance of office and warehouse space, with integrated dual-level office/showroom areas and premium internal finishes that reflect modern design standards. The warehouses provide high-clearance, clear-span layouts up to 8.8 meters, optimizing storage and operational efficiency. Substantial on-site parking, landscaped surrounds, and Industrial 1 zoning make this estate an exceptional fit for logistics, light manufacturing, or showroom-based businesses.<br> Positioned within the Merrindale Industrial Estate, the property enjoys immediate access to Eastlink, Canterbury Road, and Maroondah Highway, ensuring fast connectivity across the Melbourne region. Local amenity anchors include Bunnings, Officeworks, De Bortoli Wines, and Merrindale Shopping Centre, enhancing convenience for business operators and staff alike.<br> Limited availability, premium finishes, and prime positioning make this offering an outstanding opportunity to secure space in one of Melbourne’s most tightly held industrial markets.</li></ul> |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 2
| Unit Size | 15,683 SF |
| Condo Use | Industrial |
| Price | $4,320,413 ($275.48/SF) |
| NOI | - |
| Sale Type | Owner User |
| No. Parking Spaces | 22 |
| APN/Parcel ID | 2\PS926722 |
| Description | |
| Unit 2 has 120 Amp incoming supply.</li></ul> | |
| Sale Notes | |
| This newly developed industrial estate features seven architecturally designed office-warehouse units positioned on a prominent corner at Dorset Road and Research Drive within Melbourne’s thriving eastern corridor. Constructed by Elite Property Group, the project delivers exceptional quality and functionality for discerning owner-occupiers and investors seeking enduring value.<br> Each unit offers a perfect balance of office and warehouse space, with integrated dual-level office/showroom areas and premium internal finishes that reflect modern design standards. The warehouses provide high-clearance, clear-span layouts up to 8.8 meters, optimizing storage and operational efficiency. Substantial on-site parking, landscaped surrounds, and Industrial 1 zoning make this estate an exceptional fit for logistics, light manufacturing, or showroom-based businesses.<br> Positioned within the Merrindale Industrial Estate, the property enjoys immediate access to Eastlink, Canterbury Road, and Maroondah Highway, ensuring fast connectivity across the Melbourne region. Local amenity anchors include Bunnings, Officeworks, De Bortoli Wines, and Merrindale Shopping Centre, enhancing convenience for business operators and staff alike.<br> Limited availability, premium finishes, and prime positioning make this offering an outstanding opportunity to secure space in one of Melbourne’s most tightly held industrial markets.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 31,549 SF | Typical Floor Size | 15,775 SF |
| Property Type | Industrial | Year Built | 2026 |
| Property Subtype | Warehouse | Lot Size | 1.21 AC |
| Building Class | B | Parking Ratio | 1.51/1,000 SF |
| Floors | 2 |
| Total Building Size | 31,549 SF |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 15,775 SF |
| Year Built | 2026 |
| Lot Size | 1.21 AC |
| Parking Ratio | 1.51/1,000 SF |
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1-5 Research Dr - Units 1 & 2
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