14 Milgate StreetOakleigh South VIC 3167
Property Details for 14 Milgate St, Oakleigh South
Last Listing description (July 2025)
RWC (Oakleigh) is excited to offer 14 Milgate Street, Oakleigh South for sale.
This stand-alone industrial facility represents an outstanding opportunity for owner occupiers, value-add investors or strategic buyers looking to secure a tightly held freehold in the heart of Melbourne's south-east industrial precinct. Set on a generous 545m parcel of land*, the property comprises a total building area of 494m*, offering a highly functional layout suited to a broad range of industrial, warehousing or commercial uses (STCA).
Benefitting from excellent street frontage, the building provides direct access via roller door and features great natural light and a practical clear span interior ideal for racking or light manufacturing. The property is currently occupied by a national retailer, Sussan Corporation, on a month-to-month lease, returning a modest and below market rental of $43,723 p.a. net (approx.), presenting an opportunity to reposition the asset and realise rental uplift. Sussan have occupied the premises for 8* years.
Whether you're seeking a home for your business or an income-producing investment with potential to unlock further value, this property delivers flexibility and potential in a location that continues to experience strong demand.
Located within the established Oakleigh South industrial precinct, the property is surrounded by major occupiers and key transport infrastructure. Located just off North road and in close proximity to Huntingdale Road, and Warrigal Road, as well as Princes Highway and the Monash Freeway (M1), enabling seamless connection across Melbourne's industrial corridor.
Public transport is readily accessible, with Huntingdale Train Station just 1.2km* away and bus services along North Road within easy walking distance. The site is also close to key retail amenity including Oakleigh Central Shopping Centre and Eaton Mall (3.5km*), Clayton Road shops, Chadstone Shopping Centre (5.1km*) and Melbourne CBD is approximately 25km* to the northwest.
Key Features:
Total building area | 494m*
Total land area | 545m*
Freestanding clear span warehouse
Excellent street frontage
Functional layout, roller door access
Leased to Sussan Corporation on monthly tenancy
Under market rent of $43,723* p.a. net
Industrial 1 Zone (IN1Z)
Ideal for owner occupiers or value-add investors
For further information, contact the exclusive agents:
Ryan Amler | 0401 971 622
Jonathan On | 0479 003 122
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
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.
Property History for 14 Milgate St, Oakleigh South, VIC 3167
- 25 Jun 2025Listed for Sale Contact Agent
- 08 May 2018Listed for Rent $34,992 / year
- 06 Apr 2016Listed for Rent $34,992 / year
Recent sales nearby
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About Oakleigh South 3167
The size of Oakleigh South is approximately 6.7 square kilometres. It has 17 parks covering nearly 30.5% of total area. The population of Oakleigh South in 2016 was 9261 people. By 2021 the population was 9851 showing a population growth of 6.4% in the area during that time. The predominant age group in Oakleigh South is 30-39 years. Households in Oakleigh South are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Oakleigh South work in a professional occupation.In 2021, 74.00% of the homes in Oakleigh South were owner-occupied compared with 74.90% in 2016.
Oakleigh South has 5,335 properties. Over the last 5 years, Houses in Oakleigh South have seen a 22.13% increase in median value, while Units have seen a 10.10% increase. As at 31 January 2026:
- The median value for Houses in Oakleigh South is $1,257,999 while the median value for Units is $768,143.
- Houses have a median rent of $695 while Units have a median rent of $600.
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