Cushman & Wakefield Capital Markets Logistics & Industrial is pleased to offer for sale a rare inner city landholding in Melbourne’s premier city fringe logistics and employment precinct.
One of the closest sites of scale to the Melbourne CBD zoned for industrial and commercial use (C2Z); this 3.34ha landholding boasts unrivalled location fundamentals, extensive street frontages and high visibility just metres from the West Gate Freeway and Citylink interchanges.
The position offers strong last mile credentials with unmatched access to surrounding arterials, retail store networks, the Port of Melbourne, major infrastructure and residential populations in all directions.
Key investment highlights include:
- Rare 3.34ha parcel in Melbourne’s premier logistics and employment precinct
- Improved with a multi-tenanted distribution facility totalling some 25,372sqm of building area
- High exposure with two street frontages totalling over 350m
- 75% of the Greater Melbourne population within 45-minute drivetime
- Fully leased net income of $3,201,823 p.a.* which is considered below market levels
- Optionality to reposition or redevelop with the benefit of existing income & short 1.9 year WALE
- Income diversification across seven existing tenants
- High underlying land value
- 360-degree network connecting to the Melbourne CBD, major infrastructure and residential populations
- Perfectly positioned for last mile delivery and growth in e-commerce.
*All figures are approximate
The property is being offered For Sale via Expressions of Interest closing Wednesday 13 March 2024 at 3pm (AEDT).
For further information please contact the exclusive agents.
Chris Jones | +61 477 881 882 | Chris.A.Jones@cushwake.com
Tony Iuliano | +61 412 992 830 | Tony.Iuliano@cushwake.com
Adrian Rowse | +61 414 836 817 | Adrian.Rowse@cushwake.com
- Melbourne City Suburbs
