Inner West Investment With Genuine Higher Order Redevelopment Potential
64-66 McArthurs Road, Altona North VIC 3025
Please contact agent
IndustrialSize: n/a
Block size: 6665 m² approx.
Colliers on behalf of our valued client, is pleased to offer for sale 64-66 McArthurs Road, Altona North.
This value-add industrial investment is strategically located in Melbourne's premier Inner-West industrial precinct of Altona North, offering scale and the potential for long-term value enhancement. The asset is underpinned by a high underlying land value, offering substantial redevelopment upside, complimented by the following attributes:
Investment Highlights:
- Gross Building Area of 3,559m² positioned on a prominent 6,665m² infill land holding
- Strong underlying future development fundamentals
- Tightly held industrial and logistics precinct, widely recognised as one of Australia's strongest
- Significant passing income of $451,326.00 p.a
- WALE of 3.03** years by Income (As at 1st April 2024)
- Altona / Altona North is home to many well-known domestic and global occupiers including Toyota, G.A.M Steel, SCT Logistics, Winning Appliances, Silk Logistics, Officeworks and Myer
- Superior access to existing precinct amenity and major arterial roads such as Millers Junction, Kororoit Creek Road, Princes Freeway and Dohertys Road
- A Combination of fixed 3.50% annual and CPI annual rent reviews, across two (2) tenancies
- Strategic government infrastructure projects focused on Melbourne's West will directly benefit the site
*Approximate
** Assumes Early Termination Clause Exercised
64-66 McArthurs Road, Altona North is strategically positioned in Melbourne's inner west and is approximately 7km* away from the Port of Melbourne and 9km* from Melbourne's CBD. The location is ideally positioned for warehousing, logistics and last mile distribution. The opportunity to secure a superbly located industrial land holding with secure holding income and multiple value add options, within one of Melbourne's most sought-after industrial locations is a rarity.
64-66 McArthurs Road, Altona North is offered for sale via Private Treaty.
For further information regarding this opportunity or to arrange an inspection, please contact the appointed agents.
This value-add industrial investment is strategically located in Melbourne's premier Inner-West industrial precinct of Altona North, offering scale and the potential for long-term value enhancement. The asset is underpinned by a high underlying land value, offering substantial redevelopment upside, complimented by the following attributes:
Investment Highlights:
- Gross Building Area of 3,559m² positioned on a prominent 6,665m² infill land holding
- Strong underlying future development fundamentals
- Tightly held industrial and logistics precinct, widely recognised as one of Australia's strongest
- Significant passing income of $451,326.00 p.a
- WALE of 3.03** years by Income (As at 1st April 2024)
- Altona / Altona North is home to many well-known domestic and global occupiers including Toyota, G.A.M Steel, SCT Logistics, Winning Appliances, Silk Logistics, Officeworks and Myer
- Superior access to existing precinct amenity and major arterial roads such as Millers Junction, Kororoit Creek Road, Princes Freeway and Dohertys Road
- A Combination of fixed 3.50% annual and CPI annual rent reviews, across two (2) tenancies
- Strategic government infrastructure projects focused on Melbourne's West will directly benefit the site
*Approximate
** Assumes Early Termination Clause Exercised
64-66 McArthurs Road, Altona North is strategically positioned in Melbourne's inner west and is approximately 7km* away from the Port of Melbourne and 9km* from Melbourne's CBD. The location is ideally positioned for warehousing, logistics and last mile distribution. The opportunity to secure a superbly located industrial land holding with secure holding income and multiple value add options, within one of Melbourne's most sought-after industrial locations is a rarity.
64-66 McArthurs Road, Altona North is offered for sale via Private Treaty.
For further information regarding this opportunity or to arrange an inspection, please contact the appointed agents.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Charlie Woodley to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Industrial
Block Size:
6665 m²*
Other Details
Lot:
1
Plan:
TP833763
Legal description:
1\TP833763
Maps and area information
Block information
Block size: 6665m² (approx)
Legal description: 1\TP833763
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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SummaryMedian sales
Average Age
39 years
Population
12,962
Listing ID: 182424798. This listing has been viewed 0 times. It was first displayed on 05/04/2024 and last updated on 05/04/2024.
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.