2 Drake Boulevard,
Altona, VIC 3018

Shops & Retail • Showrooms & Large Format Retail • Warehouse, Factory & Industrial

Key property information

Land area

Floor area

Property extent

Tenure type

Sold on

Lemon Baxter

Level 26, 2 Southbank Boulevard
SOUTHBANK, VIC 3006

2 Drake Boulevard

Altona, VIC 3018

Map of 2 Drake Boulevard

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SECURELY LEASED TO GODFREYS COMMERCIAL – A NATIONAL RETAIL ICON

NEW LEASE TO GODFREYS COMMERCIAL
ICONIC AUSTRALIAN TENANT
NEWLY CONSTRUCTED SHOWROOM

CBRE and Lemon Baxter are offering for sale 2 Drake Boulevard, Altona comprising the following details:

+ Recently constructed showroom of 625sqm*

+ Securely leased to Godfreys Commercial, an iconic Australian retailer specialisng in vacuum cleaners & cleaning products

+ Godfreys operates 170 stores and has over 600 employees across Australia & New Zealand

+ Annual Income of $120,000*

+ Strong and certain rental growth with annual compounding 3% increases

+ Significant tax saving depreciation benefits

+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings

+ Excellent connectivity to Kororoit Creek Road, one the area’s main arterial roads servicing over 41,000 vehicles daily^

+ Within an established industrial and residential precinct, set to benefit from significant government infrastructure investments

+ Just 14km* from the Melbourne CBD, 10km* to Port Melbourne and the Princes Freeway & West Gate Freeway connections all within 3km*

+ Surrounded by major business including the Nike, QUBE, Toll, DHL, Linfox, BGC, Bunnings, Woolworths and Aldi

For information please contact the marketing agents below:

CBRE:

Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

Jing Jun (JJ) Heng 王敬君
+61 411 059 116
jj.heng@cbre.com.au

Jaycen Willox
+61 418 378 007
jaycen.willox@cbre.com

Lemon Baxter:

James Matina
+61 431 283 528
james@lemonbaxter.com.au

Ned Kukic
+61 404 227 058
ned@lemonbaxter.com.au

*Denotes Approximately
^Vic Roads

Altona, 3018 demographic data

The median household income for Altona is $1,826, 4% lower than Greater Melbourne's household income of $1,901. Altona has an older age profile compared to the rest of Greater Melbourne (median age 42 vs 37). Property ownership data shows 44% of property owners in Altona have a mortgage.

11,490

Population

$1,826 per week

Median household income

42 years

Median age

Owners

Most residents

Families

Most households

Lemon Baxter

Level 26, 2 Southbank Boulevard
SOUTHBANK, VIC 3006