Tabcorp collects $9.6m from redundant warehouse

Tabcorp has sold a Dandenong South warehouse.

Tabcorp has banked $9.6 million from a former gaming warehouse in Dandenong South.

The ASX-listed entertainment group paid $6m for 7 Monterey Road in November, 2004.

On 2.1 hectares – with a 4500 square metre tract available for development – it contains a 9202 sqm factory with modern offices.

The address has c110 metres of street frontage in an established industrial area off Frankston-Dandenong Rd.

Knight Frank and Vinci Carbone had been marketing the property and are believed to have been the selling agents.

The buyer is an owner occupier (story continues below).

In good company

Amazon, Bunnings, Eurofins, Häfele and Shearform are amongst Dandenong South’s highest profile tenants.

Last August, Frasers Property Industrial launched a business park there – Rubix Connect, then pre-committed Ozito to a 19,915 sqm office/warehouse.

Earlier this week Schneider Electrical rented a 9795 sqm factory at Salta’s 177ha Nexus Industrial Estate, in the suburb.

The area is 31 kilometres south east of Melbourne.

The 9202 square metre building contains modern offices.

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Marc Pallisco

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

Marc Pallisco