Direct Mail Corporation leases Heidelberg West office/warehouse

The 825 square metre office component.

Direct Mail Corporation will relocate from Richmond to Heidelberg West.

The direct mail, letterbox delivery, courier and special services business, has leased a 3,640 square metre warehouse attached to an 825 sqm office at 26 Dougharty Road, 12 kilometres north-east of the CBD.

On 7,440 sqm with multiple access points and loading docks, along with a large car park, the asset was leased by Gray Johnson’s Matt Hoath with CBRE’s Daniel Eramo.

The sitting tenant, Nutex Clothing Pty Ltd, will vacate before March 1, 2019.

“The new lease effectively means there will be a coordinated changeover of the tenancy so the private investor owner of the building will not be impacted by a significant loss of rental income,” Mr Hoath said (story continues below).

“This is always a satisfying experience for a commercial agent and it shows there is demand for larger occupancies in the range of between 3,000 sqm and 5,000 sqm of building space”.

DMC will pay a starting net rent of $334,875 per annum.

Founded in 1994 in South Melbourne, DMC has over thirty permanent staff.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.