7-9 Chambers Road,
Altona North, VIC 3025
Warehouse, Factory & Industrial
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Sale - Expression of Interest
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Cushman & Wakefield - Melbourne
Level 9, 385 Bourke StreetMELBOURNE, VIC 3000
7-9 Chambers Road
Altona North, VIC 3025
Map of 7-9 Chambers Road
Train stations within 5 km of 7-9 Chambers Road, Altona North, VIC 3025 Distance Seaholme Station 2.5 km Altona Station 2.6 km Westona Station 3.3 km Newport Station 3.8 km Spotswood Station 4.3 km POWERED BY HERE ©Bus stops within 5 km of 7-9 Chambers Road, Altona North, VIC 3025 Distance Park & Ride/Millers Rd (Altona North) 403 m Berkeley Cres/Millers Rd (Altona North) 476 m Ross Rd/Millers Rd (Altona North) 531 m Douglas St/Millers Rd (Altona North) 559 m Berkeley Cres/McIntosh Rd (Altona North) 606 m POWERED BY HERE ©
POWERED BY HERE ©
Versatile warehouse with the ability to re-lease, occupy, or sell-down
- Fully sprinklered and multi-tenanted
- Attractive short-term WALE of 1.5 years
- Ability to re-lease, occupy or sell-down
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 8... | Chris.A.Jones@cushwake.com
Charlie Holmes | +61 439 334 1... | Charlie.Holmes@cushwake.com
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 8... | Chris.A.Jones@cushwake.com
Charlie Holmes | +61 439 334 1... | Charlie.Holmes@cushwake.com
Property ID: 504669564Last Updated: 10 Sep 2024
Cushman & Wakefield - MelbourneLevel 9, 385 Bourke Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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