Versatile Owner Occupier / Developer Opportunity

33 Weerong Road, in Drouin, is a large industrial property situated in a tightly held precinct which services the greater Gippsland Region. The property has the ability to be occupied in it's current condition, or potentially developed (STCA) into an industrial business park or for an occupier looking for a new premises in the area. Due to the low vacancy in the area and the scarcity of low site coverage industrial properties, this is also a prime opportunity for investors who may look to add value or increase the rental return.

The property, encompassing approximately 2.02 hectares (20,223 square metres) of land zoned for Industrial 1 use. The site features two functional industrial sheds, providing ample space for various commercial operations. Its strategic location offers convenient access to the M1 Freeway, enhancing connectivity for logistics and transportation. Given its size, zoning, and infrastructure, 33 Weerong Road presents significant potential for industrial development or subdivision.

AND The Property Details:
& Site Area: 20,223m²*
& Building Area: 2,315m²*
& Site Coverage: 11%
& Substantial hardstand/yard area
& 140m* frontage onto Weerong Road
& Industrial 1 Zoning
& Industrial Development Opportunity

AND The Investment Summary:
Tenant DGM Ventures Pty Ltd
Term of the renewed lease 2 years starting on 1 February 2024
Rent $77,000+outgoings
Further terms One (1) further term of three (3) years
Latest Date for Exercising Option10-Nov-25

AND The Location Details:
& Drouin Town Centre: 2.6km*
& Princes Freeway (M1): 2.5km*
& Melbourne CBD: 84km*
& Port of Melboure: 87km*

*approximately