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391 Settlement Road,
Thomastown, VIC 3074
Warehouse, Factory & Industrial
Added today
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Sale - Expression of Interest closing Tue 26 Nov
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Cushman & Wakefield - Melbourne
Level 9, 385 Bourke StreetMELBOURNE, VIC 3000
391 Settlement Road
Thomastown, VIC 3074
Map of 391 Settlement Road
Train stations within 5 km of 391 Settlement Road, Thomastown, VIC 3074 Distance Keon Park Station 743 m Thomastown Station 866 m Ruthven Station 2.2 km Lalor Station 2.5 km Reservoir Station 3.3 km POWERED BY HERE ©Tram stops within 5 km of 391 Settlement Road, Thomastown, VIC 3074 Distance 61-Bundoora Park/Plenty Rd (Bundoora) 3.9 km 57-Reservoir High School 4.1 km 66-Settlement Rd/Plenty Rd (Bundoora) 4.1 km 60-la Trobe University/Plenty Rd (Bundoora) 4.1 km 65-Grimshaw St/Plenty Rd (Bundoora) 4.1 km POWERED BY HERE ©Bus stops within 5 km of 391 Settlement Road, Thomastown, VIC 3074 Distance Austarc Ave/High St (Thomastown) 142 m Settlement Rd/High St (Thomastown) 212 m Newton St/High St (Thomastown) 323 m Spring St/High St (Thomastown) 560 m McLeod St/Spring St (Thomastown) 631 m POWERED BY HERE ©
POWERED BY HERE ©
Multi-tenanted investment in a strategic infill northern location
- Diverse income of ~$2.2m
- Expansive 4.3 ha landholding
- Multi-estate providing 21,099 sqm of GLA
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 8... | chris.a.jones@cushwake.com
Adrian Rowse | +61 414 836 8... | adrian.rowse@cushwake.com
Tony Iuliano | +61 412 992 8... | tony.iuliano@cushwake.com
Charlie Holmes | +61 439 334 154 | charlie.holmes@cushwake.com
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 8... | chris.a.jones@cushwake.com
Adrian Rowse | +61 414 836 8... | adrian.rowse@cushwake.com
Tony Iuliano | +61 412 992 8... | tony.iuliano@cushwake.com
Charlie Holmes | +61 439 334 154 | charlie.holmes@cushwake.com
Property ID: 504732908Last Updated: 8 Nov 2024
Cushman & Wakefield - MelbourneLevel 9, 385 Bourke Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
CBRE - MelbourneLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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