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
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