JLL and Box Commercial are thrilled to present to market, 31-35 Kinder Street and 26-28 Glenbarry Road Campbellfield a rare opportunity to acquire a prominent infill industrial parcel of 37,587sqm.

Located in the established industrial precinct of Campbellfield, the site enjoys access to major arterials such as Sydney Road (760m*) and the Hume Freeway (1.5km*) connecting the site to the Melbourne CBD (15.6km*) and Melbourne Airport (9.5km*). The property is ideally located within a large employment catchment, connecting to over 500,000 households within a 30-minute vicinity.

Available for sale is the prominent Campbellfield self-storage business “Store It Cheap” which currently operates on 31-35 Kinder Street, with extremely high occupancy across 566 self-storage units, combined with truck parking. The Store It Cheap business is also underpinned by the opportunity to expand by increasing operational footprint, adding storage units across the remaining underutilized land.

This Expression of Interest campaign offers purchasers the opportunity to acquire the asset in whichever manner suits them best, being able to purchase the two parcels together or separately, or to purchase the self-storage business separately from the land.

Key Investment Highlights:

- Significant infill IN1Z site totalling 37,587sqm*.
- Combined dual frontage of over 140m on Glenbarry Road (83m*) and Kinder Street (60m*).
- Existing GLA of 7,390sqm* across two separate warehouses, with the front warehouse available vacant possession.
- 2-year WALE (expiry 31st May 2026) with two (2) further options of three (3) years at Rear Factory 26-28 Glenbarry Road, Campbellfield, generating a net annual rental of approximately $260,000 ($81.25psm).
- Access to 3,200A of power at the rear factory of 26-28 Glenbarry Road – suitable for manufacturing occupiers.
- Self Storage and truck parking business 'Store It Cheap' comprised of 566 self-storage units currently operating at a high occupancy with potential to expand (45%* of underutilised land).
- Excellent B-Double Access via Killara Road.
- In nearby proximity to key arterials including the Hume Freeway, Hume Highway, Western Ring Road and Cooper Street.

^based on occupancy data and market conditions
* approx.

Please contact the exclusive agents below for more information.

Expressions of Interest campaign closing Tuesday, 21st May 2024 (AEDT) 4pm, 2024