OVERVIEW

Cushman & Wakefield Capital Markets Logistics & Industrial is pleased to offer for sale 30-56 Encore Avenue, Somerton.

Providing a 5.3 hectare* landholding located in Melbourne’s highly sought-after northern industrial precinct, 30-56 Encore Avenue presents the opportunity to acquire a low site coverage investment that is 100% underpinned by land value.

Key Investment Highlights include:

·        Secure Long-Term Income – Net passing rent of circa $780k p.a. with remaining lease term of 10.5 years*

·        Embedded Tenant – Tyrecycle has occupied the site for over a decade, prematurely extending their lease in 2021

·        Underpinned by Land Value – Estimated vacant land value forms 100%+ of the investment value

·        Low Site Coverage – Approximately 10% site coverage across the developed area, allowing for potential GLA expansion

·        Core Infill Location – Positioned in Melbourne’s sought-after northern industrial market, close to Hume Highway and adjacent to Austrak Business Park & the Somerton Intermodal Terminal

*All figures approximate & as at 1 April 2025

The property is being offered via an Expressions of Interest campaign closing 3pm (AEST) Wednesday 7th May 2025.

For further information please contact the below exclusive marketing agents.