Cushman & Wakefield Capital Markets Industrial & Logistics team is pleased to offer for sale two Victorian industrial facilities located within Melbourne’s prominent North and West precincts. The two assets are located at 57 Northgate Drive, Thomastown and 64-66 McArthurs Road, Altona North.
Key Investment Highlights for 64-66 McArthurs Road, Altona North include:
- Passing income of $246,731 p.a., reflecting $69/m² p.a.
- WALE of 5.7 years with potential future positive rental reversion.
- Currently 69% occupied with ability to unlock immediate further income estimated at $190,000 p.a.
- Total GLA of 3,559m² across two tenancy areas, offering leasing flexibility.
- Industrial 3 Zoned land holding of 6,665m² within an inner west industrial precinct.
- High underlying land values underpin the assets estimated at 83% of the investment value.
- Strategically located 11km west of Melbourne CBD within close proximity to major arterials and infrastructure projects.
*all figures are approximate as at 1 July 2023.
The property is being offered for sale via Expressions of Interest closing Wednesday 24th May 2023 at 12pm (AEST).
For further information please contact the below exclusive marketing agents.- Western Melbourne