Cushman & Wakefield Capital Markets Logistics & Industrial team are delighted to offer for sale 9-15 Foundation Road, Truganina, an outstanding low site coverage investment, fully leased to Blue Chip tenant Loscam Australia and located within Melbourne’s leading warehousing and distribution area and Australia’s fastest growing population corridor.
Importantly, there is an opportunity to purchase this facility at just above underlying land value and significantly below replacement cost.
Key Highlights include:
- High profile 3.15 hectares landholding with 130 metres street frontage.
- Expansive concrete hardstand areas with full drive around access.
- Existing GLA of 6,611 sqm with fully sprinklered and high clearance building.
- 100% occupied by Blue Chip tenant in Loscam Australia, Asia Pacific’s leader in pallet pooling services.
- Secure passing income of $1,270,159 p.a. with average rental growth of 4% p.a.
- Low site coverage of 21% with expansion potential of additional 10,900 sqm.
- Located only 16 km West of Melbourne CBD within one of Australia’s fastest growth corridors with forecast population growth of 46% over the next decade, significantly above the Melbourne Average of 19%.
- Outstanding access to major road network and infrastructure, including the $10 billion West Gate Tunnel Project and future proposed Western Interstate Freight Terminal (WIFT).
Note: all figures are approximate.
The asset is being offered via an International Expressions of Interest campaign closing Wednesday 18th September at 3pm AEST.
For further information please contact the below exclusive marketing agents.
- Western Melbourne
