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110 Merrindale Dr 34,154 SF Office Building Kilsyth, VIC 3137 For Sale
Investment Highlights
- Fully leased to iX Syrinx with a new 5 + 5-year lease with Net income of $600,000 per annum with tenant paying land tax
- Global pharmaceutical tenant listed on the Singapore Stock Exchange
- 12,000 sqm total site with 57.3 m frontage and 70 on-site car spaces
- 3,173 sqm building with lab, manufacturing, warehouse, and office components
- Additional 3,000 sqm vacant land parcel for future development (STCA)
Executive Summary
108-112 Merrindale Drive is fully leased to iX Syrinx under a new 5 + 5-year agreement, generating a strong annual net income of $600,000, with the tenant responsible for land tax. This blue-chip investment is underpinned by a global pharmaceutical group, ensuring income security and long-term value.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
34,154 SF
Building Class
C
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
17,077 SF
Building FAR
0.26
Lot Size
2.97 AC
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110 Merrindale Dr
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