OVERVIEW

Cushman & Wakefield Capital Markets Logistics & Industrial are pleased to exclusively offer for sale 42 Northey Road, Lynbrook. This high-exposure asset benefits from triple street frontage including 116 metres onto South Gippsland Fwy/Western Port Hwy as well as a dual tenant income stream. This location is considered one of Australia’s most sought-after industrial precincts, supported by robust tenant demand, diminishing land supply and excellent transport connectivity.

Key Investment Highlights include:

·        High exposure, triple fronted, Commercial 2 Zone (C2Z) landholding of 1.25-hectares.

·        Total frontage of 341 metres, along Northey Road (95 metres), Business Park Drive (123 metres) and Western Port Highway (123 metres).

·        Two high quality office/warehouse facilities combining for a total GLA of 3,393 sqm.

·        Strong national tenants in Austral Bricks (BrickWorks) & ARC (Infrabuild).

·        Combined net income of $555,488 p.a.

·        Attractive WALE of 3-years, providing significant short-term positive reversion.

The asset is being offered via an Expression of Interest (EOI) campaign closing Wednesday 20 November 2024 at 3pm AEST.

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