Log In/Sign Up
Your email has been sent.
13 Reddrop St 8,794 SF Industrial Building Maddingley, VIC 3340 $1,448,280 ($164.69/SF) 5.15% Cap Rate
Investment Highlights
- Secure industrial facility featuring controlled access and perimeter security fencing.
- Modern construction with functional warehouse and office components designed for efficiency.
- Includes a mezzanine level, reception area, and demised WC facilities for operational convenience.
- Located near the Western Freeway and Bacchus Marsh township with public transport access.
Executive Summary
This fully leased industrial asset presents a compelling investment opportunity in one of Victoria’s fastest-growing corridors. Positioned on a substantial 1,672 m² allotment, the property features a modern 817 m² facility comprising high-clearance warehouse space and quality-finished office areas. The site offers excellent vehicle access, hardstand areas, and ample onsite parking, ensuring operational efficiency for the tenant.
The property is secured by a strong lease covenant with Rossco Engineering and Sales, an established and reputable tenant. The current lease commenced in January 2023 and runs through January 2028, delivering a net annual income of $103,090 plus GST and outgoings. Zoned Industrial 1 (IN1Z), the asset benefits from low-maintenance construction and strong street presence, making it a reliable, income-producing investment.
Strategically located within a thriving industrial precinct, the property provides seamless connectivity to the Western Freeway, Bacchus Marsh township, and public transport. This combination of secure tenancy, modern improvements, and prime positioning underpins long-term growth potential and makes this offering a rare chance for investors seeking stability and upside in a high-demand market.
The property is secured by a strong lease covenant with Rossco Engineering and Sales, an established and reputable tenant. The current lease commenced in January 2023 and runs through January 2028, delivering a net annual income of $103,090 plus GST and outgoings. Zoned Industrial 1 (IN1Z), the asset benefits from low-maintenance construction and strong street presence, making it a reliable, income-producing investment.
Strategically located within a thriving industrial precinct, the property provides seamless connectivity to the Western Freeway, Bacchus Marsh township, and public transport. This combination of secure tenancy, modern improvements, and prime positioning underpins long-term growth potential and makes this offering a rare chance for investors seeking stability and upside in a high-demand market.
Property Facts
| Price | $1,448,280 | Building Class | B |
| Price Per SF | $164.69 | Lot Size | 0.41 AC |
| Sale Type | Investment | Rentable Building Area | 8,794 SF |
| Cap Rate | 5.15% | No. Stories | 2 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 2 |
| Price | $1,448,280 |
| Price Per SF | $164.69 |
| Sale Type | Investment |
| Cap Rate | 5.15% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.41 AC |
| Rentable Building Area | 8,794 SF |
| No. Stories | 2 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 2 |
Amenities
- Controlled Access
- Mezzanine
- Signage
- Reception
- Demised WC facilities
- Recessed Lighting
- Perimeter Security Fence
1 1
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
13 Reddrop St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.