MULTI-TENANTED, URBAN INFILL ESTATE WITH IMMEDIATE VALUE ADD UPSIDE
450-466 Princes Highway, Noble Park North VIC 3174
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IndustrialSize: n/a
Block size: 4.43 Hectares approx.
Capital Markets at JLL are pleased to exclusively offer for sale 450-466 Princes Highway, an unmatched value-add investment opportunity in the heart of one of Australia's premier logistics precincts.
Centrally located along a key arterial road in Melbourne's South East, the property is hyper-connected to the wider arterial network appealing to a wide array of occupiers.
Passing income is ~30% below assessed market levels - direct ability to access MTM reversion
Unique offering whereby the estate has a registered 10 lot strata plan of subdivision allowing sell down strategies to be implemented immediately
Substantial land holding of 4.4ha that's serviced by over 140m of frontage to the Princes Hwy
Flexible lease expiry profile and an attractive WALE of 4.21 (as at Oct 23) years - allowing incoming purchasers to reset rents to market levels and capitalise on the reversionary upside
The asset is being offered For Sale via International Expressions of Interest closing Wednesday 1 November 2023 at 3pm (AEDT).
For further information, please contact a member of the JLL team.
Centrally located along a key arterial road in Melbourne's South East, the property is hyper-connected to the wider arterial network appealing to a wide array of occupiers.
Passing income is ~30% below assessed market levels - direct ability to access MTM reversion
Unique offering whereby the estate has a registered 10 lot strata plan of subdivision allowing sell down strategies to be implemented immediately
Substantial land holding of 4.4ha that's serviced by over 140m of frontage to the Princes Hwy
Flexible lease expiry profile and an attractive WALE of 4.21 (as at Oct 23) years - allowing incoming purchasers to reset rents to market levels and capitalise on the reversionary upside
The asset is being offered For Sale via International Expressions of Interest closing Wednesday 1 November 2023 at 3pm (AEDT).
For further information, please contact a member of the JLL team.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Joel Scully to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Industrial
Block Size:
4.43 Hectares*
Other Details
Lot:
9B
Plan:
PS810938
Legal description:
9B\PS810938
Maps and area information
Block information
Block size: 4.43Hectares (approx)
Legal description: 9B\PS810938
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
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Noble Park North suburb information
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SummaryMedian sales
Average Age
42 years
Population
7,436
Listing ID: 181979761. This listing has been viewed 0 times. It was first displayed on 05/10/2023 and last updated on 23/02/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.