Highett's Mega Site - Invest, Develop or Occupy

Ray White Commercial is proud to offer 248-250 Wickham Road, Highett for sale.

An outstanding opportunity for the astute Investor/Developer to purchase an incredible land holding of 6,873sqm* and building area of 3,340sqm* to further enhance the site by, developing the balance of land, redevelop the existing warehouses or subdivide all (STCA).

Great opportunity to add value in this tightly held and highly regarded industrial precinct with this being the first time the property has been offered in 23 years.

Currently 100% leased as follows:

Units 1 & 2 | SARC Pty Ltd
• Building area | 1,235sqm*
• Return | $101,497 pa net
• Lease | Five (5) years + Five (5) years + Five (5) years

Unit 3
• Building area | 355sqm*
• Monthly tenant

Unit 4
• Building area | 459sqm*
• Monthly tenant

Units A-B | Liquid Rock Constructions Pty Ltd
• Building area | 1,291sqm*
• Return | $101,726.76 pa net
• Lease | Three (3) years + Three (3) years

*approximately

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Explore the area

View in Google Maps

School catchments

Southmoor Primary School Primary Prep-6 Government 0.61km
St Catherine's School Primary Prep-6 Catholic 1.0km
Cheltenham Secondary College Secondary 7-12 Government 1.4km
Moorabbin Primary School Primary Prep-6 Government 1.4km
Tucker Road Bentleigh Primary School Primary Prep-6 Government 1.7km
Le Page Primary School Primary Prep-6 Government 1.8km
East Bentleigh Primary School Primary Prep-6 Government 1.9km
St Agnes' School Primary Prep-6 Catholic 2.0km
Our Lady of the Assumption School Primary Prep-6 Catholic 2.1km
Bentleigh Secondary College Secondary 7-12 Government 2.2km
Cheltenham East Primary School Primary Prep-6 Government 2.4km
Cheltenham Primary School Primary Prep-6 Government 2.4km
Our Lady of the Sacred Heart College Secondary 7-12 Catholic 2.7km
St Bede's College - Bentleigh East Campus Secondary Catholic 2.7km
Kingston Heath Primary School Primary Prep-6 Government 2.8km
Sandringham College Secondary 7-12 Government 2.9km
Sandringham College-Bluff Road 7–8 Campus Secondary Government 2.9km
St Paul's School Primary Prep-6 Catholic 2.9km
St Peter's School Primary Prep-6 Catholic 3.0km
Sandringham East Primary School Primary Prep-6 Government 3.0km
Beaumaris North Primary School Primary Prep-6 Government 3.4km
Firbank Grammar School - Sandringham Campus Combined Independent 3.6km
Mentone Girls Secondary College Secondary 7-12 Government 3.7km
Mckinnon Secondary College Secondary 7-12 Government 3.9km
McKinnon Secondary College - East Campus Secondary Government 4.0km
South Oakleigh College Secondary 7-12 Government 4.2km
Kilbreda College Secondary 7-12 Catholic 4.2km
Beaumaris Secondary College Secondary 7-12 Government 4.2km
Brighton Secondary College Secondary 7-12 Government 4.3km
Haileybury College - Brighton Boys Combined Independent 4.4km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.