62 Northgate Drive,
Thomastown, VIC 3074
Warehouse, Factory & Industrial
Key property information
Floor area
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$795,200
Private inspections
to arrange a private inspection.
Map of 62 Northgate Drive
Train stations within 5 km of 62 Northgate Drive, Thomastown, VIC 3074 Distance Thomastown Station 2.2 km Keon Park Station 2.3 km Lalor Station 3.1 km Ruthven Station 3.2 km Reservoir Station 4.1 km POWERED BY HERE ©Tram stops within 5 km of 62 Northgate Drive, Thomastown, VIC 3074 Distance 67-Bundoora Square SC/Plenty Rd (Bundoora) 2.1 km 66-Settlement Rd/Plenty Rd (Bundoora) 2.2 km 65-Grimshaw St/Plenty Rd (Bundoora) 2.3 km 64-Mount Cooper Dr/Plenty Rd (Bundoora) 2.3 km 68-Greenhills Rd/Plenty Rd (Bundoora) 2.3 km POWERED BY HERE ©Bus stops within 5 km of 62 Northgate Drive, Thomastown, VIC 3074 Distance Apex CtSettlement Rd Thomastown 447 m Green St/Settlement Rd (Thomastown) 616 m Wood StSettlement Rd 644 m Brand DrSettlement Rd 647 m Settlement RdDalton Rd 760 m POWERED BY HERE ©
POWERED BY HERE ©
High-Quality Inner North Logistics Investment
- Total Size: 4,907m²*
- WALE of 3.6 Years
- Versatile Logistics Facility
Colliers, as exclusive selling agents, are pleased to offer for sale 62 Northgate Drive, Thomastown, a high-quality logistics asset located within one of Melbourne’s strongest core last mile logistics precincts.
Underpinned by terrific design features and substantial base building upgrades, the offering benefits from the following key features:
• Institutional-grade asset improvements, totalling 4,970m²*, built to the highest quality and specification
• WALE of 3.6 years, with strong fixed rental increases of 4% p.a. providing transparent income growth
• Secure net passing income of $795,200 ($160/m²) per annum, which is below market levels
• Versatile logistics facility that is fully sprinklered throughout, and equipped with two recessed loading docks and two on-grade doors
• The asset is fully leased to NPFulfilment, an established logistics company serving throughout Australia and New Zealand
• Exceptionally low vacancy levels supporting strong rental growth within Melbourne’s North precinct will continue to support the accretive growth in capital values
• Regular shaped land holding of 7,600m²* with an extensive street frontage of more than 69* metres providing maximum exposure and street appeal
• Infill industrial and logistics location approximately 16 kilometres North of the Melbourne CBD and surrounded by large residential catchments, future proofed to capture the rapid growth of e-commerce
62 NORTHGATE DRIVE, THOMASTOWN IS BEING OFFERED FOR SALE VIA AN EXPRESSIONS OF INTEREST CAMPAIGN CLOSING 12:00PM (AEST) WEDNESDAY 23rd APRIL 2025.
To request further due diligence information or to arrange an inspection, contact the exclusive Colliers selling agents.
*Approximate
**Outline indicative only
Underpinned by terrific design features and substantial base building upgrades, the offering benefits from the following key features:
• Institutional-grade asset improvements, totalling 4,970m²*, built to the highest quality and specification
• WALE of 3.6 years, with strong fixed rental increases of 4% p.a. providing transparent income growth
• Secure net passing income of $795,200 ($160/m²) per annum, which is below market levels
• Versatile logistics facility that is fully sprinklered throughout, and equipped with two recessed loading docks and two on-grade doors
• The asset is fully leased to NPFulfilment, an established logistics company serving throughout Australia and New Zealand
• Exceptionally low vacancy levels supporting strong rental growth within Melbourne’s North precinct will continue to support the accretive growth in capital values
• Regular shaped land holding of 7,600m²* with an extensive street frontage of more than 69* metres providing maximum exposure and street appeal
• Infill industrial and logistics location approximately 16 kilometres North of the Melbourne CBD and surrounded by large residential catchments, future proofed to capture the rapid growth of e-commerce
62 NORTHGATE DRIVE, THOMASTOWN IS BEING OFFERED FOR SALE VIA AN EXPRESSIONS OF INTEREST CAMPAIGN CLOSING 12:00PM (AEST) WEDNESDAY 23rd APRIL 2025.
To request further due diligence information or to arrange an inspection, contact the exclusive Colliers selling agents.
*Approximate
**Outline indicative only
Thomastown, 3074 demographic data
The median household income for Thomastown is $1,225, 36% lower than Greater Melbourne's household income of $1,901. Thomastown has an older age profile compared to the rest of Greater Melbourne (median age 39 vs 37). Property ownership data shows 36% of property owners in Thomastown have a mortgage.
20,234
Population
$1,225 per week
Median household income
39 years
Median age
Owners
Most residents
Families
Most households
62 Northgate Drive
Thomastown, VIC 3074
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