64-66 McArthurs Road,
Altona North, VIC 3025
Warehouse, Factory & Industrial
Price information
Sale
Please contact agent
Key property information
Land area
Floor area
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$451,326
Number of Tenants
2 Tenants
Private inspections
to arrange a private inspection.
Colliers - Melbourne
Level 30, 367 Collins StreetMELBOURNE, VIC 3000
64-66 McArthurs Road
Altona North, VIC 3025
Map of 64-66 McArthurs Road
Train stations within 5 km of 64-66 McArthurs Road, Altona North, VIC 3025 Distance Altona Station 3.7 km Seaholme Station 3.7 km Westona Station 4 km Newport Station 4.1 km Spotswood Station 4.2 km POWERED BY HERE ©Bus stops within 5 km of 64-66 McArthurs Road, Altona North, VIC 3025 Distance McArthurs Rd/Chambers Rd (Altona North) 394 m Murphy St/Chambers Rd (Altona North) 403 m Altona Gate Primary School/Blackshaws Rd (Altona North) 483 m Lawrence Ct/Chambers Rd (Altona North) 560 m Irwin Ave/Blackshaws Rd (Altona North) 627 m POWERED BY HERE ©
POWERED BY HERE ©
Inner West Investment With Genuine Higher Order Redevelopment Potential
- Total Annual Passing Income of $451,326.
- WALE of 3.03 Years by Income**
- Strong Future Development Fundamentals
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.
Property ID: 504559256Last Updated: 4 Apr 2024
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