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 57 Northgate Drive, Thomastown include:
- Secure passing income of $1,256,723 p.a., reflecting $92/m² p.a.
- WALE of 2.4 years with potential future positive rental reversion.
- 100% occupied by two tenants in Howe Leather and Trivantage.
- Total GLA of 13,667m² across two tenancy areas, offering future leasing flexibility.
- Additional benefit with all-weather canopy of 264m² to loading areas.
- Substantial Industrial 1 Zoned land holding of 2.85 hectares within a tightly held precinct.
- High underlying land values underpin the assets estimated at 74% of the investment value.
- Dual access with expansive street frontage to Northgate Drive of 150 metres and rear access via Green Street.
- Strategically located 15km north 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.- North Melbourne