The Noble Park Portfolio,
Noble Park, VIC 3174
Warehouse, Factory & Industrial
Price information
Sale - Expression of Interest
Please contact agent
Key property information
Land area
Floor area
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$967,995
Number of Tenants
3 Tenants
Private inspections
to arrange a private inspection.
Map
Core plus industrial investment portfolio within Melbourne’s high profile south east
- Combined building area of 10,770m²*
- Passing income of $967,995 p.a
- WALE of 2.61 years by income
Colliers Industrial & Logistics Capital Markets are pleased to present to the market for sale, The Noble Park Portfolio comprising three standalone industrial assets uniquely located at 21-23 Summit Road, 15-19 Summit Road, and 126-128 Browns Road, Noble Park.
This rare core plus investment offering is underpinned by an array of future value enhancement and higher order redevelopment opportunities.
Key portfolio investment highlights include:
- Combined building area of 10,770m²*
- Combined land holding of 19,012m²* across three separate titles
- Substantial passing income of $967,995 per annum net ($90/m²) which is significantly below assessed market rental levels
- WALE 2.61 years by income
- Strategic last mile logistics location in Noble Park with immediate access to surrounding residential catchment areas and exceptional connectivity to the Princes Highway, Monash Freeway and EastLink.
Individual asset summaries:
21-23 Summit Road, Noble Park
Total building area : 3,458m²*
Total land area : 6,904m²*
Net Passing Income : $295,036 p.a ($85/m²)
WALE: 1.74 years
15-19 Summit Road, Noble Park
Total building area : 4,554m²*
Total land area : 7,703m²*
Net Passing Income : $433,030 p.a ($95/m²)
WALE: 3.05 years
126-128 Browns Road, Noble Park
Total building area : 2,758m²*
Total land area : 4,406m²*
Net Passing Income : $239,929 p.a ($87/m²)
WALE: 2.87 years
The Noble Park Portfolio is offered for sale via Expressions of Interest campaign closing Thursday, 10th October 2024 at 4.00pm (AEDT).
For further information on this unique opportunity, please contact the exclusively appointed agents.
*Approximate
**Outlines indicative only
This rare core plus investment offering is underpinned by an array of future value enhancement and higher order redevelopment opportunities.
Key portfolio investment highlights include:
- Combined building area of 10,770m²*
- Combined land holding of 19,012m²* across three separate titles
- Substantial passing income of $967,995 per annum net ($90/m²) which is significantly below assessed market rental levels
- WALE 2.61 years by income
- Strategic last mile logistics location in Noble Park with immediate access to surrounding residential catchment areas and exceptional connectivity to the Princes Highway, Monash Freeway and EastLink.
Individual asset summaries:
21-23 Summit Road, Noble Park
Total building area : 3,458m²*
Total land area : 6,904m²*
Net Passing Income : $295,036 p.a ($85/m²)
WALE: 1.74 years
15-19 Summit Road, Noble Park
Total building area : 4,554m²*
Total land area : 7,703m²*
Net Passing Income : $433,030 p.a ($95/m²)
WALE: 3.05 years
126-128 Browns Road, Noble Park
Total building area : 2,758m²*
Total land area : 4,406m²*
Net Passing Income : $239,929 p.a ($87/m²)
WALE: 2.87 years
The Noble Park Portfolio is offered for sale via Expressions of Interest campaign closing Thursday, 10th October 2024 at 4.00pm (AEDT).
For further information on this unique opportunity, please contact the exclusively appointed agents.
*Approximate
**Outlines indicative only
Property ID: 504681812Last Updated: 3 Dec 2024
The Noble Park Portfolio
Noble Park, VIC 3174
Colliers - MelbourneLevel 30, 367 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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