30-56 Encore Avenue, Somerton, Vic 3062
Industrial/Warehouse
Contact Agents
Contact Agents
Published on: 02 Apr 2025
Last updated on: 07 Apr 2025
Property ID: 504829504
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Key property information
Land Size
53,050.00 m2
Floor Area
3,532.00 m2
Tenure Type
tenanted
FOR SALE – Secure Long-Term Investment, Underpinned by 100% Land Value
30-56 Encore Avenue, Somerton, Vic 3062
Cushman & Wakefield Capital Markets Logistics & Industrial is pleased to offer for sale 30-56 Encore Avenue, Somerton. Providing a 5.3 hectare* landholding located in Melbourne’s highly sought-after northern industrial precinct, 30-56 Encore Avenue presents the opportunity to acquire a low site coverage investment that is 100% underpinned by land value. Key Investment Highlights include: • Secure Long-Term Income – Net passing rent of circa $780k p.a. with remaining lease term of 10.5 years* • Embedded Tenant – Tyrecycle has occupied the site for over a decade, prematurely extending their lease in 2021 • Underpinned by Land Value – Estimated vacant land value forms 100%+ of the investment value • Low Site Coverage – Approximately 10% site coverage across the developed area, allowing for potential GLA expansion • Core Infill Location – Positioned in Melbourne’s sought-after northern industrial market, close to Hume Highway and adjacent to Austrak Business Park & the Somerton Intermodal Terminal *All figures approximate & as at 1 April 2025 The property is being offered via an Expressions of Interest campaign closing 3pm (AEST) Wednesday 7th May 2025. For further information please contact the below exclusive marketing agents.
Property Details
Basic Info
Basic Info
Property Type
Industrial/Warehouse
Listing Status
On Market
Land Size
53,050.00 m2
Address
30-56 Encore Avenue, Somerton, Vic 3062
Contact Agent
Email enquiry to Cushman & Wakefield - Melbourne
Level 9, 385 Bourke Street, Melbourne, Vic 3000
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Property ID: 504829504
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