14 Sigma Drive

Irreplaceable Croydon South Manufacturing Facility

JLL is pleased to bring to market, for sale, 14 Sigma Drive, Croydon South, through an expressions of interest campaign closing Wednesday, November 26th at 3pm (AEST).

Sigma Drive presents a flexible owner occupier, investment or development opportunity, offering either immediate vacant possession (on delayed settlement terms) or the option of a short-term sale and leaseback arrangement (details provided below). This versatility will allow purchasers to tailor their acquisition strategy to their specific needs and timelines. Strategically located within the highly sought-after Croydon South industrial precinct, this property benefits from exceptional connectivity via Dorset, Mount Dandenong, and Canterbury Roads, offering seamless access to Eastlink and Maroondah Highway.

Croydon South, a premier manufacturing hub, boasts an impressive roster of national and multinational corporations. Notable tenants include Studco Building Systems, Foamex, Denso Automotive Systems Australia, and AFL Telecommunications, underscoring the precinct's exceptional appeal and strategic importance in the industrial sector.

Property Highlights:
+ Single storey office area: 396sqm*
+ Manufacturing warehousing area: 1,557sqm*
+ Expedited metal recycling permit: Immediate premises utilisation without council approval delays
+ Dual cross overs access via remote security gates
+ Drive around access with significant rear yard space allowing for ease of truck movements
+ Multiple roller doors located on the perimeter of the building
+ Extensive power availability

Potential Leaseback Terms:
+ Annual net rental: $283,185 plus GST and Outgoings
+ Initial term: Two (2) years
+ Options: Two (2) x Six (6) month options
+ Annual Increases: Fixed 3.5%
+ Bank Guarantee: 3 months gross rent ($85,697.5) plus GST
+ Outgoings: Payable by tenant – including land tax

Exceptional investment opportunities like 14 Sigma Road, offering flexible options for occupiers, developers, and investors, are a rarity in today's market. This prime property presents a compelling proposition that discerning parties should not overlook. For comprehensive details or to arrange a private inspection, we invite you to connect with JLL's esteemed industrial property experts, Harry Larwill and Paige Palmer.