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Dawkins Occhiuto - South Yarra

40 Glenbarry Road Campbellfield, VIC 3061

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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
Rachael Clohesy
Walter Occhiuto

Dawkins Occhiuto - South Yarra

Suite 10, Level 3, Como Centre, 299 Toorak Road
SOUTH YARRA, VIC 3141
Dawkins Occhiuto - South Yarra
40 Glenbarry Road
Campbellfield, VIC 3061

Map of 40 Glenbarry Road

Directions
  • Train stations within 5 km of 40 Glenbarry Road, Campbellfield, VIC 3061Distance
    Upfield Station1.1 km
    Coolaroo Station2.9 km
    Roxburgh Park Station3.5 km
    Broadmeadows Station4.1 km
    Gowrie4.2 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 40 Glenbarry Road, Campbellfield, VIC 3061Distance
    Jesica Rd/Sydney Rd (Campbellfield)550 m
    1800 Sydney Rd683 m
    Sydney RdBarry Rd708 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.

Property ID: 504734640Last Updated: 15 Nov 2024

Dawkins Occhiuto - South Yarra
Suite 10, Level 3, Como Centre, 299 Toorak Road
SOUTH YARRA, VIC 3141

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