251-261 Salmon Street,
Port Melbourne, VIC 3207

Located in Port Melbourne approximately 4kms south-west of Melbourne's CBD has close proximity to key Melbourne infrastructure such as the Port, Tullamarine Airport and major motorways. One of the strongest industrial/business park locations in the Melbourne metropolitan region.

Further development upside with potential to convert the warehouse space to a higher use and / or take advantage of
the unutilised FSR on the site.

The two buildings are divided as follows:

251 Salmon Street: Office space of 4,308m² over 3 levels with 243 on grade car parks
261 Salmon Street: Office space of 2,282m² over 2 levels and warehouse space of 2,863m². 180 on grade cars are provided.
Total combined GLA of 20,795m²

Tenancy details include:

• 8 year 5 month lease to Boral expiring 31/01/2019. Net rent $795,737 per annum + $291,997 carparking.
• 5 year lease to Specialised Australia expiring 31/03/2020. Net rent $292,388 per annum + $34,155 carparking (as at 1 April 2016).
• 8 year lease to JG King expiring 31/12/2020. Gross rent $739,187 per annum + $93,809 car parking.
• 10 year lease to GM Holden expiring 30/06/2022. Gross rent $669,861 per annum + $33,692 carparking (as at July 2016).

3.5% - 4% fixed annual reviews.

Colliers International is proud to present this property as part of the Ultimate Industrial Portfolio (UIP16).