348 Cooper Street,
Epping, VIC 3076
Warehouse, Factory & Industrial
Price information
Sale - Expression of Interest
Contact Agent
Key property information
Land area
Floor area
Zoning
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$1,567,445
Number of Tenants
4 Tenants
Private inspections
to arrange a private inspection.
Map of 348 Cooper Street
Train stations within 5 km of 348 Cooper Street, Epping, VIC 3076 Distance Lalor Station 2.6 km Epping Station 2.8 km Thomastown Station 3.9 km POWERED BY HERE ©Bus stops within 5 km of 348 Cooper Street, Epping, VIC 3076 Distance Gateway BVD/Cooper St (Epping) 215 m Scanlon DrCooper St 355 m Edgars Rd/Cooper St (Epping) 548 m Cooper St/Edgars Rd (Epping) 657 m Yale Dr/Cooper St (Epping) 937 m POWERED BY HERE ©
POWERED BY HERE ©
Multi-tenanted Investment Opportunity
- Scale in a well established location
- Short WALE with positive rental uplift
- Multi-let, providing defensive cashflows
CBRE is pleased to offer for sale, Gateway Distribution Centre located at 348 Cooper Street, Epping, featuring a multi-tenanted warehouse/office and large format retail facility. The property is offered for sale by an Expressions of Interest campaign closing Monday 25th March 2024 at 4:00pm AEDT.
Opportunity highlights:
+ Highly exposed 2.52ha* site, boasting three street frontages
+ Multi-tenanted facility with a total GLA of 13,725 sqm*
+ Short WALE of 2.8 years with a Net Passing Income of $1,567,445 per annum
+ Considered significantly underlet, with potential for strong rental reversion of approximately 20%+
+ Staggered lease expiries providing defensive cashflows
+ Current market vacancy sub 1%, supporting sentiment for long term rental growth
+ Immediate access to major arterials including Western Ring Road, Tullamarine Freeway, and the Hume Highway
+ Zoned Comprehensive Development Zone 2
Opportunity highlights:
+ Highly exposed 2.52ha* site, boasting three street frontages
+ Multi-tenanted facility with a total GLA of 13,725 sqm*
+ Short WALE of 2.8 years with a Net Passing Income of $1,567,445 per annum
+ Considered significantly underlet, with potential for strong rental reversion of approximately 20%+
+ Staggered lease expiries providing defensive cashflows
+ Current market vacancy sub 1%, supporting sentiment for long term rental growth
+ Immediate access to major arterials including Western Ring Road, Tullamarine Freeway, and the Hume Highway
+ Zoned Comprehensive Development Zone 2
Property ID: 504527448Last Updated: 26 Feb 2024
348 Cooper Street
Epping, VIC 3076
CBRE - MelbourneLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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CONTACT AGENT
30 Willandra Drive,Epping, VIC 3076 80 - 212 m²Warehouse, Factory & Industrial • Offices
