10-18 Frederick Road & 5-9 Justin Road, Tottenham, Vic 3012

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Industrial/Warehouse
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Published on: 18 Sep 2024
Last updated on: 18 Sep 2024
10-18 Frederick Road & 5-9 Justin Road, Tottenham, Vic 3012
10-18 Frederick Road & 5-9 Justin Road, Tottenham, Vic 3012
10-18 Frederick Road & 5-9 Justin Road, Tottenham, Vic 3012
+7
10-18 Frederick Road & 5-9 Justin Road, Tottenham, Vic 3012
  • 7
Property ID: 504691168
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Key property information

Zoning
Industrial 1
Floor Area
10,433.00 m2
Tenure Type
tenanted

Land rich investment with future upside

10-18 Frederick Road & 5-9 Justin Road, Tottenham, Vic 3012
CBRE is pleased to offer for sale 10-18 Frederick Road and 5-9 Justin Road, Tottenham. The asset represents a rare opportunity to acquire a land rich investment situated in one of Australia’s most desirable infill logistics precincts, providing both secure income over the medium term and future development or repositioning opportunities (STCA).

- Functional building improvements, comprising three warehouse units
- GLA of 10,433 sqm plus 120T container rated hardstand area
- Multiple roller shutter doors
- Secure income with a WALE of 3.9 years (as at 1 December 2024)
- Strong annual increases to the greater of CPI or 4.5%
- Net Passing Income of $1,367,229 pa*, considered to be underlet
- Substantial landholding of 2.73 ha
- Corner site with egress and ingress points from Frederick Road and Justin Road
- Approximately 10km to Melbourne’s CBD


The property is offered for sale via Expressions of Interest closing 17th October 2024 at 4:00pm AEDT.

All figures approximate.
* Assuming a 4.5% increase in October 2024

Property Details

Basic Info

Property Type
Industrial/Warehouse
Listing Status
On Market
Address
10-18 Frederick Road & 5-9 Justin Road, Tottenham, Vic 3012
Chris O'Brien
Chris O'Brien
Andrew Bell
Andrew Bell
Todd Grima
Todd Grima
Josh Deluca
Josh Deluca
Level 34, 8 Exhibition Street, Melbourne, Vic 3000
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Contact Agent

Email enquiry to CBRE - Melbourne

Chris O'Brien
Chris O'Brien
Andrew Bell
Andrew Bell
Todd Grima
Todd Grima
Josh Deluca
Josh Deluca
Level 34, 8 Exhibition Street, Melbourne, Vic 3000
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      Property ID: 504691168

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