Cushman & Wakefield Capital Markets Logistics & Industrial team are pleased to offer for sale 570-572 Somerville Road, Sunshine West. An exceptional investment opportunity located within a strategic inner West infill location, only 9kms west of Port of Melbourne and 12kms west of Melbourne CBD.
Key Investment Highlights include:
- Freehold industrial facility with 54 metres of frontage to prominent Somerville Road.
- Total GLA of 2,451 sqm, situated upon two adjoining industrial 3 (IN3Z) zoned sites of 4,444 sqm.
- Net passing income of $330,885 p.a. ($135/sqm).
- WALE of 2.6 years (as at May 2024), allowing for potential short term positive rental reversion.
- Fully occupied by Sandvik Rock Processing, a Fortune 500 company and global provider of high-tech engineering solutions for the mining and infrastructure industries.
- Last mile logistics characteristics with substantial surrounding residential catchments.
- Significant surrounding infrastructure works approximately 2km South of the site, with the West Gate Freeway being upgraded to incorporate the Western Distributor at a cost of $10.2 billion.
Note: all figures are approximate.
The property is for sale by Expressions of Interest closing Wednesday 20 March 2024 at 3pm (AEDT)
For further information please contact the below exclusive marketing agents.
Chris Jones | +61 477 881 882 | Chris.A.Jones@cushwake.com
Charlie Holmes | +61 439 334 154 | Charlie.Holmes@cushwake.com
