May 2018 :: Latest News
LATEST UPDATE - REFERENCE GUIDE FOR THE SOUTH EASTERN SUBURBS
CALCULATE YOUR PROPERTIES CURRENT LEASE OR SALE VALUE FOR THE SOUTH EASTERN SUBURBS
Industrial property values both sale and lease vary throughout the different areas of Melbourne and continue to change based mainly on economic performance and general business confidence. We find occupiers of Industrial forever intrigued as to their current properties value on the open market be it sale or lease. In response, we provide a value range for land and land + buildings throughout the main industrial areas in for a quick reference guide to the value of your property.
The South-Eastern suburbs continue to remain popular for Industrial development, largely due to the limited availability in other nearby areas such as Bayswater and Knoxfield. New Development areas are forecasted south of Dandenong, and will ensure this area remains strong and sought-after for the foreseeable future. The continuing upgrade of arterial roads and freight networks are also contributing to improved access and travel times, and the planned long-term inter-modal transport hub plan will also be a major benefit and will contribute significantly to strong demand and property values both now and the future.
South East (Dandenong, Dandenong South, Hallam)
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A GRADE (Prime position, premium business park, new buildings) |
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Sale |
Lease |
Example Calculation - Sale |
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Land |
$550 - $600m² |
$35 - $45m² |
Vacant land 4000m² x $550m² = $2,200,000 + GST |
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Land + Building |
$1300 -$1800m² |
$80 - $90m² |
Building 3000m², Land 4600m² 3000m² x $1400m² = $4,200,000 + GST |
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B GRADE (General Industrial location, 20 + years old) |
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Sale |
Lease |
Example Calculation - Lease |
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Land |
$500m² |
$10 – $15m² |
Vacant land 4000m² x $12.5m² = $50,000 +GST+ Outgoings |
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Land + Building |
$1200m²+ |
$75m² |
Building 3000m², Land 4600m² 3000m² x $75m² = $225,000 PA + GST + Outgoings |
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C GRADE (Average location, 40 + years old building) |
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Sale |
Lease |
Example Calculation - Sale |
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Land |
$450m² |
$10 - $15m² |
Vacant land 4000m² x $450m² = $1,800,000 + GST |
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Land + Building |
$1000- $1100m² |
$60m² |
Building 3000m², Land 4600m² 3000m² x $1100m² = 3,300,000 + GST |
Disclaimer: Each property is unique and the above figues are intended as a guide only and should not be used as a valuation. For an accurate guide on your particular property value contact a registered valuer or Rutherfords Real Estate for a specific agencies opinion.
