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238-246 Governor Road 3,444 SF Industrial Condo Unit in Braeside, VIC 3195
Investment Highlights
- The property includes a high-clearance warehouse, mezzanine storage, and a first-floor office/living area.
- Security systems include an alarm and camera surveillance, with 3-phase power available.
- The location provides access to major transport routes such as the Mordialloc Freeway, Boundary Road, and Springvale Road.
- Amenities feature bathrooms on both levels, kitchenettes, and integrated appliances.
- The site is part of a full drive-around business park with three car parks on title.
Executive Summary
The property is an industrial unit located within a strata-titled business park in Braeside, Victoria. It consists of a high-clearance warehouse, mezzanine storage, and a first-floor area configured for office or residential use. Amenities include ground-floor and first-floor bathrooms, kitchenettes, and integrated appliances. The site provides three on-title car parks and is zoned Industrial 1. The location offers connectivity to major arterial roads including the Mordialloc Freeway, Boundary Road, and Springvale Road.
Property Facts
| Total Building Size | 23,035 SF | Typical Floor Size | 11,517 SF |
| Property Type | Flex (Condo) | Year Built | 2014 |
| Property Subtype | Showroom | Lot Size | 1.23 AC |
| Building Class | B | Parking Ratio | 1.09/1,000 SF |
| Floors | 2 |
| Total Building Size | 23,035 SF |
| Property Type | Flex (Condo) |
| Property Subtype | Showroom |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 11,517 SF |
| Year Built | 2014 |
| Lot Size | 1.23 AC |
| Parking Ratio | 1.09/1,000 SF |
Amenities
- Fenced Lot
- Mezzanine
- Security System
- Air Conditioning
1 Unit Available
Unit 20
| Unit Size | 3,444 SF | No. Parking Spaces | 3 |
| Condo Use | Industrial | APN/Parcel ID | 26\PS701566 |
| Sale Type | Investment |
| Unit Size | 3,444 SF |
| Condo Use | Industrial |
| Sale Type | Investment |
| No. Parking Spaces | 3 |
| APN/Parcel ID | 26\PS701566 |
Description
This property forms part of a modern, full drive-around business park designed for industrial use under Industrial 1 Zoning. The development features contemporary construction with concrete panel walls, high-clearance warehouse space, and integrated office and living areas. The strata title includes three designated car parks on title, providing convenience for occupants and visitors. The estate offers excellent vehicular circulation and accessibility for deliveries and operations, supported by proximity to major arterial roads including the Mordialloc Freeway, Boundary Road, and Springvale Road.
Sale Notes
This offering represents a rare work-and-live industrial investment opportunity in Melbourne’s sought-after south-east corridor. The property is secured by a long-term lease commencing April 28, 2025, with a structured term of 2+2+2+2+2 years and fixed annual rental increases of 3.5%, ensuring predictable income growth. The lease includes a commencing rent of $54,500 per annum plus GST and outgoings, supported by a two-month bond and personal guarantee. The asset’s modern design incorporates a high-clearance warehouse, mezzanine storage, and fully self-contained living quarters, appealing to both investors and future owner-occupiers. Located within a high-growth industrial precinct with low vacancy rates, the property benefits from excellent connectivity to major transport routes, enhancing long-term value and tenant demand.
Office space
Warehouse space
Office space
Kitchen
Presented by
238-246 Governor Road
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