34-38 Bakehouse Road,
Kensington, VIC 3031
Warehouse, Factory & Industrial
Key property information
Floor area
Car spaces
Property extent
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Tenure type
Sold on
Cushman & Wakefield - Melbourne
Level 9, 385 Bourke StreetMELBOURNE, VIC 3000
34-38 Bakehouse Road
Kensington, VIC 3031
Map of 34-38 Bakehouse Road
FOR SALE – Fully occupied, last-mile logistics investment on Melbourne CBD doorstep
- Coveted last mile logistics location
- Globally recognised tenant
- Attractive WALE of 1.0 year by income
Cushman & Wakefield Capital Markets Industrial & Logistics, in conjunction with Melbourne Commercial Group, are pleased to offer for sale 34-38 Bakehouse Road, Kensington via Private Treaty. An exceptionally well-maintained industrial facility, positioned within Melbourne’s coveted last mile logistics precinct of Kensington, only 3kms from the Melbourne CBD.
Key Investment Highlights include:
- Industrial facility of 2,633 sqm with temperature-controlled areas.
- Strategically positioned in Melbourne’s highly desirable city-fringe industrial and logistics precinct of Kensington – only 3kms from the Melbourne CBD.
- Net passing income of $406,533 p.a. ($154/sqm).
- Attractive WALE of 1.0 year, allowing for short term potential positive rental reversion or owner occupation.
- Fully occupied by an internationally recognised covenant in MNX Global Logistics – a global leader in the transportation of biopharmaceutical products.
- Unmatched last mile logistics characteristics with substantial surrounding residential catchments.
- Neighbouring Melbourne’s Biomedical precinct – a crucial factor in the continued operation of MNX Global logistics.
- Excellent connectivity to multiple public transport hubs including South Kensington Station, Kensington Station, Macaulay Station & Arden Station (under construction).
Note: all figures are approximate.
For further information please contact the marketing agents.
Key Investment Highlights include:
- Industrial facility of 2,633 sqm with temperature-controlled areas.
- Strategically positioned in Melbourne’s highly desirable city-fringe industrial and logistics precinct of Kensington – only 3kms from the Melbourne CBD.
- Net passing income of $406,533 p.a. ($154/sqm).
- Attractive WALE of 1.0 year, allowing for short term potential positive rental reversion or owner occupation.
- Fully occupied by an internationally recognised covenant in MNX Global Logistics – a global leader in the transportation of biopharmaceutical products.
- Unmatched last mile logistics characteristics with substantial surrounding residential catchments.
- Neighbouring Melbourne’s Biomedical precinct – a crucial factor in the continued operation of MNX Global logistics.
- Excellent connectivity to multiple public transport hubs including South Kensington Station, Kensington Station, Macaulay Station & Arden Station (under construction).
Note: all figures are approximate.
For further information please contact the marketing agents.
Kensington, 3031 demographic data
10,745
Population
$2,216 per week
Median household income
35 years
Median age
Renters
Most residents
Families
Most households
Cushman & Wakefield - MelbourneLevel 9, 385 Bourke Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Melbourne Commercial Group - MelbourneLevel 1, 491-495 King Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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