Industrial & Logistics

47 Westgate Drive, Altona VIC

47 Westgate Drive Altona North, VIC Australia 3025
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Attributes

Building Area Gross
Land Area Gross ()

Asset Description

Premium Logistics Portfolio – NSW & VIC

 

JLL Capital Markets Industrial & Logistics team and CBRE, are pleased to offer for sale the “Premium Logistics Portfolio”. Offered to the market for sale in-one-line or individually, the portfolio comprises three high quality assets within Australia’s most sought after states – New South Wales and Victoria.

Investment Highlights

Key Investment Highlights for 47 Westgate Drive, Altona, Victoria include:

 

  • GLA of 26,998 m²
  • Sprinklered facility within minimum internal clearance of 8.2* metres rising to 10.4 metres at the apex
  • Site Area of 55,490m² with drive-around access
  • Fully leased to national tenant Brand Collective
  • 2.0 year WALE (as at 1 July 2021)
  • Passing income of $2,077,519* net p.a. ($77/m²), providing future positive rental reversion upside
  • Surplus land providing further development potential / value-add opportunities (STCA)
  • Situated within Melbourne’s high growth western corridor, providing the ideal location for last mile occupiers servicing Melbourne’s growing western population
  • Excellent connectivity to surrounding arterials

 *approx

 

The property is being offered for sale, in conjunction with 1 Johnson Road, Campbelltown New South Wales, and 26 Harcourt Road, Altona, Victoria via International Expressions of Interest closing Thursday 17th June 2021 at 4pm (AEST).

For further information please contact the below exclusive marketing agents.

Last Updated Date: 30 Sep 2021

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Last Updated Date: 30 Sep 2021

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