103 Grove Rd 10,559 SF 100% Leased Industrial Building Grovedale, VIC 3216 $1,121,920 ($106.25/SF)

103 Grove Road provides a rare chance to acquire a corner-site industrial asset in one of Grovedale’s most active industrial precincts. Comprising two interconnected sheds on a prominent 981 m² allotment, the property combines immediate investment security with exceptional long-term versatility and market positioning.
The property is currently leased to a reliable, long-standing tenant, delivering approximately $73,000 annually, with two years remaining on the existing option and two additional five-year terms in place, reinforcing the property’s strong income continuity. This appeals directly to investors seeking a defensive asset with built-in upside, or owner-occupiers planning a staged transition.
Functionality is at the core of the improvements: Shed 1 features its own office suite, roller door access, kitchen, and bathroom facilities. Shed 2 expands operational capacity with a larger office space, a mezzanine level for additional work or storage, and dual roller doors providing exceptional accessibility from two streets. Both sheds include toilet and shower amenities, complementing practical trade or light manufacturing use. Ample front parking, high-profile street visibility, and convenient access to arterial links enhance the asset’s locational advantage.
Situated within a tightly held industrial cluster near Grovedale’s rapidly growing commercial nodes, this property represents an outstanding strategic holding suitable for diverse commercial and industrial operations.