Secure inner west industrial investment
48-54 Burns Road, Altona VIC 3018
Please contact agent
IndustrialSize: n/a
Block size: 1.16 Hectares approx.
Colliers are pleased to present to market for sale 48-54 Burns Road, Altona.
This secure inner-West industrial investment is underpinned by strong fundamentals including a modern full height precast design with good internal clearance of 10m. Fully sprinklered warehouse with complete drive around access, under cover canopy area for all weather loading and multiple high speed rapid doors.
The property is securely leased to Portwest Pacific who is an established market leader in the design and manufacturing of high-quality workwear and PPE.
The property is strategically located in one of the most sought after industrial and logistics precincts in Australia with excellent access and connectivity to the Port of Melbourne and the CBD. The property has expansive frontage to both Burns Road and Harcourt Road with nearby linkage to Kororoit Creek Road and the Princes Freeway.
Key investment highlights include:
- 6,733m² stand-alone modern office/warehouse
- Significant passing net income of $706,965 p.a net
- Fixed annual rental increases of 3%
- WALE of 5.0 years by income
- One further option of five years
- Face market rent review at the option with no cap or collar
All figures are approximate
48-54 Burns Road is offered for sale via Expressions of Interest campaign closing Wednesday, 14th June at 4pm (AEST).
*Outlines indicative only.
This secure inner-West industrial investment is underpinned by strong fundamentals including a modern full height precast design with good internal clearance of 10m. Fully sprinklered warehouse with complete drive around access, under cover canopy area for all weather loading and multiple high speed rapid doors.
The property is securely leased to Portwest Pacific who is an established market leader in the design and manufacturing of high-quality workwear and PPE.
The property is strategically located in one of the most sought after industrial and logistics precincts in Australia with excellent access and connectivity to the Port of Melbourne and the CBD. The property has expansive frontage to both Burns Road and Harcourt Road with nearby linkage to Kororoit Creek Road and the Princes Freeway.
Key investment highlights include:
- 6,733m² stand-alone modern office/warehouse
- Significant passing net income of $706,965 p.a net
- Fixed annual rental increases of 3%
- WALE of 5.0 years by income
- One further option of five years
- Face market rent review at the option with no cap or collar
All figures are approximate
48-54 Burns Road is offered for sale via Expressions of Interest campaign closing Wednesday, 14th June at 4pm (AEST).
*Outlines indicative only.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Daniel Telling to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Industrial
Block Size:
1.16 Hectares*
Other Details
Lot:
2
Plan:
PS604276
Legal description:
2\PS604276
Maps and area information
Block information
Block size: 1.16Hectares (approx)
Legal description: 2\PS604276
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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SummaryMedian sales
Average Age
43 years
Population
11,490
Listing ID: 182277351. This listing has been viewed 0 times. It was first displayed on 07/02/2024 and last updated on 23/04/2024.
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.