An exceptional investment opportunity has emerged in Melbourne’s thriving Laverton North industrial precinct.
A prominent property, strategically located at 2 Little Boundary Road, is available for sale offering a trifecta of global retail tenants, presenting investors with a secure and lucrative prospect in the heart of Melbourne’s industrial hub.
Situated on a sprawling 8,089sqm* site, the property boasts an impressive frontage of 67.3 metres* to Little Boundary Road and 115.3 metres* to Princes Highway and the robust mix of global brands and ASX-Listed giants include Viva Energy trading as Shell and Coles Express, contributing approximately 60% of the income with a long 19-year lease and options. McDonald's, a globally recognised brand, secures 20% of the income with a lease that incorporates a turnover rent mechanism. Other tenants include Nandos and Baldev Food and Management Services, enhancing the diversification and stability of the income stream.
For sale through Oliver Hay, Daniel Wolman and Leon Ma of Cushman & Wakefield and Kristian Peatling and Warwick Bramich of Alexander Robertson, this investment opportunity features desirable Leases, where tenants cover all outgoings, with two key tenants covering single holding Land Tax. The property generates a total Net Income of $814,757.14 per annum, with annual increases, including CPI adjustments, ensuring steady growth for investors.
With an Industrial 2 (INZ2) Zoning, the site is strategically positioned approximately 18 kilometres west of Melbourne's CBD, making it an ideal location for industrial and logistics activities. Laverton North, adjacent to other industrial areas including Laverton, Altona, and Derrimut, stands as a prime destination for businesses seeking port-centric operations.
The property benefits from its highly exposed and commanding site, offering direct access off the West Gate Freeway (M1) exit ramp. This exceptional accessibility is a key factor that enhances the property's appeal, making it an ideal choice for businesses engaged in industrial and logistics operations.
According to Oliver Hay of Cushman & Wakefield, "With a scarcity of industrial greenfield and englobo sites of scale, developers are actively looking to the inner-west for redevelopment opportunities.
“Both private developers and institutions are seeking sites in infill markets for refurbishment or full redevelopment, addressing the high demand and limited supply we’re currently experiencing."
Kristian Peatling of Alexander Robertson emphasised: "The flexibility of this asset is truly rare in that it provides a long and healthy income stream for investors, whilst the substantial corner landholding adds further generational development appeal."
2 Little Boundary Road is for sale via Public Auction on Wednesday, 6 December 2023, at 12:30 pm AEDT. Investors and interested parties are invited to seize this chance to secure a prime asset in Melbourne’s thriving industrial landscape.
