20-22 Permas Way,
Truganina, VIC 3029
Warehouse, Factory & Industrial
Key property information
Land area
Floor area
Tenure type
Sold on
Colliers - Essendon Fields
Suite 1, 6 English StreetESSENDON FIELDS, VIC 3041
20-22 Permas Way
Truganina, VIC 3029
Map of 20-22 Permas Way
Land Rich Long WALE Investment Opportunity
- High underlying land value
- Premium institutional-grade facility
- Secure WALE of 9.2 years
Colliers, as exclusive selling agents, are pleased to offer for sale 20-22 Permas Way, Truganina, a high-quality manufacturing and logistics asset positioned within the premier institutional grade precinct of Truganina.
Underpinned by terrific design features and security of income, the offering benefits from the following key features:
• High underlying land value representing 80% of the value driving the long-term outperformance of the asset
• High-quality institutional grade facility totalling 10,762m² of improvements, built by Vaughan Constructions in 2010 and recently extended to cater for the tenant’s significant business growth
• Secure WALE of 9.2 years, to highly embedded tenant, providing long-term robust income
• Secure net passing income of $1,398,995 ($130/m²) per annum, supported by strong tenant covenant
• Accretive returns achieved via mid-term market rent review with ratchet clause
• The asset is fully leased to Wire Industries, Australia’s leading suppliers of reinforcing steel products and services
• Significant core land holding of 25,557m² within one of Australia’s most sought-after logistics locations
• Strategically positioned within the Truganina industrial precinct benefitting from excellent connectivity to wider metropolitan Melbourne and interstate markets via Melbourne’s Ring Road network
20-22 PERMAS WAY, TRUGANINA IS BEING OFFERED FOR SALE VIA AN EXPRESSIONS OF INTEREST CAMPAIGN CLOSING 12:00PM (AEST) THURSDAY 1ST MAY 2025.
To request further due diligence information or to arrange an inspection, contact the exclusive Colliers selling agents.
*All figures are approximate
**Outline indicative only
Underpinned by terrific design features and security of income, the offering benefits from the following key features:
• High underlying land value representing 80% of the value driving the long-term outperformance of the asset
• High-quality institutional grade facility totalling 10,762m² of improvements, built by Vaughan Constructions in 2010 and recently extended to cater for the tenant’s significant business growth
• Secure WALE of 9.2 years, to highly embedded tenant, providing long-term robust income
• Secure net passing income of $1,398,995 ($130/m²) per annum, supported by strong tenant covenant
• Accretive returns achieved via mid-term market rent review with ratchet clause
• The asset is fully leased to Wire Industries, Australia’s leading suppliers of reinforcing steel products and services
• Significant core land holding of 25,557m² within one of Australia’s most sought-after logistics locations
• Strategically positioned within the Truganina industrial precinct benefitting from excellent connectivity to wider metropolitan Melbourne and interstate markets via Melbourne’s Ring Road network
20-22 PERMAS WAY, TRUGANINA IS BEING OFFERED FOR SALE VIA AN EXPRESSIONS OF INTEREST CAMPAIGN CLOSING 12:00PM (AEST) THURSDAY 1ST MAY 2025.
To request further due diligence information or to arrange an inspection, contact the exclusive Colliers selling agents.
*All figures are approximate
**Outline indicative only
Truganina, 3029 demographic data
36,305
Population
$2,126 per week
Median household income
30 years
Median age
Owners
Most residents
Families
Most households
Colliers - Essendon FieldsSuite 1, 6 English Street
ESSENDON FIELDS, VIC 3041
ESSENDON FIELDS, VIC 3041
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