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41-49 Norcal Rd 8,611 SF Industrial Condo Unit Offered at $1,519,770 in Nunawading, VIC 3131

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Investment Highlights

Street-fronted industrial facility with excellent exposure in a sought-after precinct.

Enhanced accessibility to Springvale Road, Whitehorse Road, and major arterials.

Executive Summary

Units 1-18 at 41–49 Norcal Road forms part of an industrial park comprising five separate buildings arranged as a multi-unit strata complex. The individual units provide a blend of high-clearance warehouse space, office accommodation, and select mezzanine areas, supported by container-height roller doors and on-site parking allocations. The estate is configured for efficient circulation with shared internal driveways and functional loading provisions. Located in Nunawading’s established eastern industrial precinct, approximately 19 kilometers from Melbourne CBD, the complex benefits from close proximity to Springvale Road, Whitehorse Road, and the Eastern Freeway, as well as immediate access to public transport links including bus routes and Nunawading train station. The surrounding area features complementary industrial, bulky goods retail, and commercial uses, reinforcing its position as a key logistics and operational hub.

1 Unit Available

Unit 1

Unit Size	8,611 SF	Sale Type	Investment
Price	$1,519,770	No. Parking Spaces	9
Price Per SF	$176.49	APN/Parcel ID	1\PS342151
Condo Use	Industrial

Unit Size	8,611 SF
Price	$1,519,770
Price Per SF	$176.49
Condo Use	Industrial
Sale Type	Investment
No. Parking Spaces	9
APN/Parcel ID	1\PS342151

Description

The property forms part of a modern industrial strata complex situated in Nunawading’s established industrial precinct. Positioned at the prominent street frontage of the development, this unit benefits from strong visibility and direct access from Norcal Road. The strata complex is designed for efficient traffic flow and ease of loading, featuring wide driveways and clear internal access. Shared infrastructure includes landscaped common areas and provisions for secure, designated car parking allocations, enhancing both functionality and presentation for occupants and visitors.

Sale Notes

1/41-49 Norcal Road, Nunawading offers a compelling opportunity to acquire a securely leased, income-generating industrial strata property in one of Melbourne’s most in-demand commercial hubs. Situated at the front of a well-maintained complex, the premises provide exceptional visibility and easy accessibility.

The property encompasses approximately 800 square meters across warehouse, office, and mezzanine areas, complemented by a container-height roller door and a dedicated loading dock. Nine on-site car spaces, including seven undercover, further strengthen operational convenience.

Currently leased on a 5 + 5 year term commencing in 2025, the asset delivers a solid annual rental income of $110,000 plus GST and outgoings, making it an attractive proposition for investors seeking reliable returns with long-term security. Proximity to major arterial routes including Springvale Road and Whitehorse Road supports seamless connectivity across Melbourne’s eastern corridor, ensuring sustained tenant appeal and value growth potential.

This strata-titled industrial asset combines strong functionality, established tenancy, and high-exposure positioning, presenting a rare addition to any investment portfolio.