Investment Property
For Sale
  • Industrial

    • Versatile warehouse with the ability to re-lease, occupy, or sell-down

    7-9 Chambers Road, Altona North, VIC 3025 Australia
    Investment Property
    For Sale
  • Industrial

    • Versatile warehouse with the ability to re-lease, occupy, or sell-down

    7-9 Chambers Road, Altona North, VIC 3025 Australia
    Building Size
    7,732 SQM
    Lot Size
    10,583 SQM
    Building Size
    7,732 SQM
    Lot Size
    10,583 SQM

    OVERVIEW

    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

    CONTACT

    • Chris-Jones
      Chris Jones

      National Director, National Capital Markets, Logistics & Industrial
      Melbourne, Australia

    • Charlie Holmes
      Charlie Holmes

      Associate Director, National Capital Markets, Logistics & Industrial
      Melbourne, Australia

    Key Features
    • Fully sprinklered and multi-tenanted
    • Attractive short-term WALE of 1.5 years
    • Ability to re-lease, occupy or sell-down

    Details

    Building Size:
    7,732 SQM
    Sale Price:
    Negotiable
    Lot Size:
    10,583 SQM

    CONTACT

    • Chris-Jones
      Chris Jones

      National Director, National Capital Markets, Logistics & Industrial
      Melbourne, Australia

    • Charlie Holmes
      Charlie Holmes

      Associate Director, National Capital Markets, Logistics & Industrial
      Melbourne, Australia

    Versatile warehouse with the ability to re-lease, occupy, or sell-down

    AVAILABILITIES

    SORT: AVAILABLE SPACE

    LOCATION

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