30-56 Encore Avenue,
Somerton, VIC 3062
Warehouse, Factory & Industrial
Key property information
Land area
Floor area
Property extent
Tenure type
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Cushman & Wakefield - Melbourne
Level 9, 385 Bourke StreetMELBOURNE, VIC 3000
30-56 Encore Avenue
Somerton, VIC 3062
Map of 30-56 Encore Avenue
FOR SALE – Secure Long-Term Investment, Underpinned by 100% Land Value
- Secure Long-Term Income
- 100% Underpinned by Land
- High Growth Opportunity
Cushman & Wakefield Capital Markets Logistics & Industrial is pleased to offer for sale 30-56 Encore Avenue, Somerton.
Providing a 5.3 hectare* landholding located in Melbourne’s highly sought-after northern industrial precinct, 30-56 Encore Avenue presents the opportunity to acquire a low site coverage investment that is 100% underpinned by land value.
Key Investment Highlights include:
• Secure Long-Term Income – Net passing rent of circa $780k p.a. with remaining lease term of 10.5 years*
• Embedded Tenant – Tyrecycle has occupied the site for over a decade, prematurely extending their lease in 2021
• Underpinned by Land Value – Estimated vacant land value forms 100%+ of the investment value
• Low Site Coverage – Approximately 10% site coverage across the developed area, allowing for potential GLA expansion
• Core Infill Location – Positioned in Melbourne’s sought-after northern industrial market, close to Hume Highway and adjacent to Austrak Business Park & the Somerton Intermodal Terminal
*All figures approximate & as at 1 April 2025
The property is being offered via an Expressions of Interest campaign closing 3pm (AEST) Wednesday 7th May 2025.
For further information please contact the below exclusive marketing agents.
Providing a 5.3 hectare* landholding located in Melbourne’s highly sought-after northern industrial precinct, 30-56 Encore Avenue presents the opportunity to acquire a low site coverage investment that is 100% underpinned by land value.
Key Investment Highlights include:
• Secure Long-Term Income – Net passing rent of circa $780k p.a. with remaining lease term of 10.5 years*
• Embedded Tenant – Tyrecycle has occupied the site for over a decade, prematurely extending their lease in 2021
• Underpinned by Land Value – Estimated vacant land value forms 100%+ of the investment value
• Low Site Coverage – Approximately 10% site coverage across the developed area, allowing for potential GLA expansion
• Core Infill Location – Positioned in Melbourne’s sought-after northern industrial market, close to Hume Highway and adjacent to Austrak Business Park & the Somerton Intermodal Terminal
*All figures approximate & as at 1 April 2025
The property is being offered via an Expressions of Interest campaign closing 3pm (AEST) Wednesday 7th May 2025.
For further information please contact the below exclusive marketing agents.
Somerton, 3062 demographic data
The median household income for Somerton is $1,187, 38% lower than Greater Melbourne's household income of $1,901. Somerton has an older age profile compared to the rest of Greater Melbourne (median age 52 vs 37).
6
Population
$1,187 per week
Median household income
52 years
Median age
Renters
Most residents
-
Most households
Cushman & Wakefield - MelbourneLevel 9, 385 Bourke Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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