590 Benetook Avenue, Mildura, VIC 3500 sold on 28 August 2025 | OnTheHouse
SOLD
Sold on 28 Aug 2025 for $18,000,000

590 Benetook Avenue
Mildura VIC 3500

Bedrooms: -
Bathrooms: -
Car spaces: -
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Property Details for 590 Benetook Ave, Mildura

Building Type
Commercial
Local Government
Mildura
Lot/Plan
2/LP112115

Last Listing description (October 2024)

World Class Industrial Investment

Professionals are pleased to offer for sale this State-of-the-Art Industrial Warehouse complex, which may be one of the finest long-term freehold Institutional Grade investments available in Australia.
Properties of this calibre very rarely come onto the market and offers the astute investor the opportunity to acquire the securely tenanted complex with significant income and direct street frontage to the major Melbourne, Sydney & Adelaide arterials.
Located in the City of Mildura, one of the fastest growing regional centres in Australia - often referred to as the Food Bowl of Australia, this property is situated in the heart of the Mildura's Industrial sector and comprises a modern logistics facility. Constructed in 2019, however is in "as new" condition it incorporates a single level office complex and two high clearance clear span warehouse chambers with extensive hardstand areas, fencing and landscaping.

The property can be further developed with a stand-alone office complex already approved by council, noting also that there is scope to add more warehousing to the project with council approval.

Key features:
* Total land area of 4.046 hectares
* 2 titles
* Gross Lettable area of 10,237m2
* Comprising: - Office 262m2, Warehouse 9,437m2, Cool Store 538m2
* Canopy 1,636m2
* Hardstand 10,400m2
Lease Schedule:
* 10 year term - Commenced 1.07.2019
* Further 1 x 10 year term
* Commencing rental of $1,125,000pa + GST
* Current rental $1,235,000pa + GST
* Annual rental review - 3%pa fixed increases
* Outgoings paid by tenant
The tenant is one of the largest privately owned logistics companies in Australia, established in 1980, utilising robotic warehouse management systems.
Contact Tony Roccisano on 0418 502 101 for a detailed Information Memorandum or to arrange an inspection of this impressive property.

Property History for 590 Benetook Ave, Mildura, VIC 3500

A timeline of how this property has performed in the market
Last Sold
$18,000,000
28 Aug 2025
  • 31 Jul 2024
    Listed for Sale Price on Application
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About Mildura 3500

The size of Mildura is approximately 77.8 square kilometres. There are 54 parks, covering nearly 4.2% of the total area. The population of Mildura in 2016 was 32738 people. By 2021 the population was 34565 showing a population growth of 5.6% in the area during that time. The predominant age group in Mildura is 30-39 years. Households in Mildura are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mildura work in a professional occupation.In 2021, 58.60% of the homes in Mildura were owner-occupied compared with 58.10% in 2016.

Mildura has 21,017 properties. Over the last 5 years, Houses in Mildura have seen a 63.71% increase in median value, while Units have seen a 70.93% increase. As at 30 June 2026:

  • The median value for Houses in Mildura is $607,750 while the median value for Units is $374,391.
  • Houses have a median rent of $510 while Units have a median rent of $395.
There are currently 221 properties listed for sale, and 104 properties listed for rent in Mildura on OnTheHouse. According to Cotality's data, 1301 properties were sold in the past 12 months in Mildura.

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.