40 Glenbarry Road,
Campbellfield, VIC 3061
Warehouse, Factory & Industrial • Development Sites & Land • Offices
Price information
Sale - Expression of Interest
Contact Agent
Key property information
Land area
Floor area
Car spaces
Zoning
Municipality
Tenure type
Tenanted Investment Details
Occupancy
Partially Leased
Est. Incomep.a.
$845,228
Number of Tenants
2 Tenants
Private inspections
to arrange a private inspection.
Dawkins Occhiuto - South Yarra
Suite 10, Level 3, Como Centre, 299 Toorak RoadSOUTH YARRA, VIC 3141
40 Glenbarry Road
Campbellfield, VIC 3061
Map of 40 Glenbarry Road
Train stations within 5 km of 40 Glenbarry Road, Campbellfield, VIC 3061 Distance Upfield Station 1.1 km Coolaroo Station 2.9 km Roxburgh Park Station 3.5 km Broadmeadows Station 4.1 km Gowrie 4.2 km POWERED BY HERE ©Bus stops within 5 km of 40 Glenbarry Road, Campbellfield, VIC 3061 Distance Jesica Rd/Sydney Rd (Campbellfield) 550 m 1800 Sydney Rd 683 m Sydney RdBarry Rd 708 m Lydia Ave/Sydney Rd (Campbellfield) 847 m National BVD/Sydney Rd (Campbellfield) 851 m POWERED BY HERE ©
POWERED BY HERE ©
Strategic Industrial Value-Add Opportunity with Development Potential
- 2.5 Ha* site with 5 office/warehouses
- Proven rental reversion; recent uplift
- Net passing income increasing Feb 2025
Dawkins Occhiuto are pleased to exclusively present for your consideration an exceptional value-add opportunity - 40 Glenbarry Road, Campbellfield.
Situated in Melbourne's thriving northern industrial precinct, this property is strategically located just 16.5 kilometres* from the Melbourne CBD, offering outstanding connectivity to major arterial roads including the Hume Highway, Metropolitan Ring Road (M80) and Cooper Street.
This offering represents a compelling opportunity to acquire a substantial 2.5 hectare* site with five distinct office/warehouse buildings totalling 11,855.7 sqm* of gross lettable area. The property's recent leasing success and future development potential make it an opportunity not to be overlooked.
Adding to its appeal, the property is 80%* leased to established tenants including Kounis Metal Industries and Tickford Racing. Tickford Racing has recently committed to a lease renewal at a 56%* rental increase, demonstrating significant rental reversion potential across the complex. The property offers a growing income profile from $845,228 per annum* to $1,037,904 per annum* from February 2025. In addition, the current vacancy of the brand-new Building DE could generate an additional circa $300,000 per annum once leased.
Key features of the offering include:
+ Significant site of 2.5 hectares* with Industrial 1 zoning
+ Five distinct buildings with a total of 11,855.7 sqm* gross lettable area
+ 80%* leased to quality tenants with proven rental growth
+ Net Passing Income of $845,228 p.a.* increasing to $1,037,904 p.a.* from February 2025
+ Potential for an additional circa $300,000 p.a.* through leasing the vacancy
+ Recent 56%* rental increase achieved through tenant renewal
+ Prime location with excellent transport links
*approx.
This property is offered for sale via Expressions of Interest closing Thursday, 12 December 2024 at 3.00pm (AEDT).
Please contact exclusive selling agents, Dawkins Occhiuto for more information.
Situated in Melbourne's thriving northern industrial precinct, this property is strategically located just 16.5 kilometres* from the Melbourne CBD, offering outstanding connectivity to major arterial roads including the Hume Highway, Metropolitan Ring Road (M80) and Cooper Street.
This offering represents a compelling opportunity to acquire a substantial 2.5 hectare* site with five distinct office/warehouse buildings totalling 11,855.7 sqm* of gross lettable area. The property's recent leasing success and future development potential make it an opportunity not to be overlooked.
Adding to its appeal, the property is 80%* leased to established tenants including Kounis Metal Industries and Tickford Racing. Tickford Racing has recently committed to a lease renewal at a 56%* rental increase, demonstrating significant rental reversion potential across the complex. The property offers a growing income profile from $845,228 per annum* to $1,037,904 per annum* from February 2025. In addition, the current vacancy of the brand-new Building DE could generate an additional circa $300,000 per annum once leased.
Key features of the offering include:
+ Significant site of 2.5 hectares* with Industrial 1 zoning
+ Five distinct buildings with a total of 11,855.7 sqm* gross lettable area
+ 80%* leased to quality tenants with proven rental growth
+ Net Passing Income of $845,228 p.a.* increasing to $1,037,904 p.a.* from February 2025
+ Potential for an additional circa $300,000 p.a.* through leasing the vacancy
+ Recent 56%* rental increase achieved through tenant renewal
+ Prime location with excellent transport links
*approx.
This property is offered for sale via Expressions of Interest closing Thursday, 12 December 2024 at 3.00pm (AEDT).
Please contact exclusive selling agents, Dawkins Occhiuto for more information.
Property ID: 504734640Last Updated: 15 Nov 2024
Dawkins Occhiuto - South YarraSuite 10, Level 3, Como Centre, 299 Toorak Road
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141