Direct Mail Corporation will relocate its operations from Richmond to Heidelberg West.
The direct mail, letterbox delivery, courier and special delivery services business, has signed a lease for a 3,640 square metre warehouse and 825 square metre office at 26 Dougharty Road, about 12 kilometres north-east of the Melbourne CBD.
The property, on 7,440 square metres of land with multiple access points and loading docks, along with a large car park, is owned by a private investor.
The sitting tenant, Nutex Clothing Pty Ltd, will vacate the complex ahead of DMC moving in on 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.
“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 rent under the long-term lease of $334,875 per annum, net.
Founded in 1994 by two people in South Melbourne, DMC now has over thirty permanent staff.