391 Settlement Road, Thomastown, Vic 3074

Cushman & Wakefield Capital Markets Logistics & Industrial in conjunction with CBRE,  is pleased to offer for sale 391 Settlement Road and 51 & 53 Temple Drive, Thomastown – a multi-tenanted estate providing a GLA of 21,099 sqm over 11 buildings in a strategic northern location. Occupying on a 4.3 hectare landholding over three adjoining allotments and street frontages, the asset provides excellent access to major arterial networks and presents numerous opportunities for future value enhancement strategies to be implemented.

Key Investment Highlights include:
- Multi-tenanted estate providing a GLA of 21,099 sqm over 11 buildings with future redevelopment/repositioning opportunities (STCA)
- Expansive 4.3 ha landholding over three adjoining allotments, allowing future sell down opportunities.
- Infill industrial location with vacancy sub 1%, supporting continued rental growth
- Diverse income stream of ~$2.2 million p.a. with future reversionary upside
- Short WALE of 3 years (by income) with staggered lease expiries providing defensive cash flows
- High exposure site with triple street frontage and seamless access to major arterial networks

The property is being offered For Sale via Expressions of Interest closing Tuesday 26 November 2024 at 4pm (AEDT).
 
Chris Jones | +61 477 881 882 | [email protected]
Adrian Rowse | +61 414 836 817 | [email protected]
Tony Iuliano | +61 412 992 830 | [email protected]
Charlie Holmes | +61 439 334 154 | [email protected]