Cushman & Wakefield Capital Markets Logistics & Industrial are pleased to offer for sale 7-9 Chambers Road, Altona North. This exceptional investment opportunity offers a large dual tenancy, fully sprinklered warehouse facility, situated within one of Melbourne’s most sought-after infill suburbs in Altona North.
Key Investment Highlights include:
- High quality fully sprinklered warehouse comprising a total GLA of 7,732 sqm.
- Attractive WALE of 1.5-years, providing access to significant short-term positive rental reversion.
- Fully occupied by two tenants, with a combined total passing income of $835,317 p.a. offering initial returns in excess of 6%.
- Estimated market income of in excess of $1 million, providing potential for enhanced returns of 7%+.
- Value-add opportunity via versatile design for smaller individual unit sell-down.
- Situated within the inner-west precinct of Altona North, with direct access to one of the nations fastest growing population corridors.
- Close proximity to supporting major road infrastructure including West Gate Freeway M1 (3kms) and Western Ring Road M80 (5kms).
The asset is being offered via an Expression of Interest (EOI) campaign closing Thursday 19 September 2024 at 3pm AEST.
For further information please contact the below exclusive marketing agents.
Chris Jones | +61 477 881 882 | Chris.A.Jones@cushwake.com
Charlie Holmes | +61 439 334 154 | Charlie.Holmes@cushwake.com
