Moose Toys’ former one acre East Bentleigh warehouse site offers redevelopment option

The former Moose Toys warehouse at East Bentleigh, in Melbourne’s inner south-east, is on the market with the 4000 plus square metre site offering buyers numerous options including redevelopment.

Located at 7-13 Ardena Court, within easy reach of both the Princess Highway and Monash Freeway, the property comprises a functional 3537 square metre, brick, office/warehouse with two roller doors and 718 square metres of office/showroom space over two levels.

The expansive, 4051 square metre, Industrial 3 zoned, site has more than 63 metres street frontage and 25 on-site car spaces which could also be utilised as hardstand.

According to Teska Carson’s Michael Taylor and Matthew Feld who are marketing the property in conjunction with Cameron’s David Johnson and Michael Brennan, the property represents a prime parcel of land in a sought after location, ripe for redevelopment or repurposing of the existing improvements.

“This is indeed a rare opportunity to purchase a brilliantly located asset which offers investors, owner-occupiers and developers a range of options including redevelopment, subject to approval, facilitated by an enormous street frontage, or repurposing of the very functional existing improvements.

“Alternatively, the property offers owner-occupiers an extremely well-located business address with a highly functional building and excellent freeway access, and investors a ready-to-go premises which would suit a variety of uses,” Mr. Taylor said.     

Mr. Johnson said key arterial roads such as East Boundary Road and South Road ensured the area was well-connected, while public transport, including train stations – Ormond Station is five minutes away – and bus routes, offered additional transport connectivity.

“These roads play a crucial role in facilitating local and through traffic, linking the suburb to neighboring areas and connecting it to highways like the Monash Freeway. The local street network has also been designed to very efficiently distribute traffic ensuring convenient access to residential, commercial, and recreational zones and minimising travel times,” Mr. Johnson said.

The property was originally the headquarters of Moose Toys, which is now one of the world’s biggest toy retailers selling toys in over 100 countries, with offices in Los Angeles, the UK, France, Hong Kong, China and Vietnam. The Australian company now has its headquarters in Cheltenham.

Moose Toys is perhaps best known for its range of collectable toys called Shopkins which transformed the company into a global franchise with more than 300 licensed partners and the sale of one billion units, according to reports.

Mr. Johnson said the while the property was offered with vacant possession, investors might expect a potential rental of $400,000 per annum plus GST and outgoings.

“I have no doubt that the property will attract its fair share of suitors if only based on the fact that it is situated within an extremely tightly held and very favorable location for both businesses and residents given its close proximity to Melbourne CBD and all of the essential amenities including shopping and schools,” Mr. Johnson said.

He said the property had a number of outstanding attributes including:

• The position in a coveted industrial precinct
• Close proximity to several key arterial roads
• A well maintained and very functional building
• A one-acre site suitable for redevelopment (STCA)
• On-site parking for 25 cars; and,
• Vacant possession

This property is for sale by Expressions of Interest closing March 20, 2024, at 2pm, unless sold prior.