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MYER DISTRIBUTION CENTRE

121 - 139 Dohertys Road, Altona North, VIC 3025

Sold Industrial/Warehouse
Price upon request
Property No. 3309

Building Information

STATEGIC MODERN DISTRIBUTION CENTRE WITH DEVELOPMENT UPSIDE

Purpose built modern distribution centre of 30,388sqm* situated on a substantial land holding of 115,900 sqm*.

The property is fully leased to single tenant, ASX Listed Myer Holding Limited (ASX:MYR) with a passing net income of $2,290,718 per annum and a long remaining lease term of 6.8 years as at 1 October 2017.

The asset represents an outstanding opportunity to acquire scale backed by a quality tenant with significant development upside, located within Melbourne’s Inner Western Industrial Precinct just 10 kilometres from Port of Melbourne.

Surplus land of 19,828 sqm* fronting Dohertys Road is available for immediate development.

Expression of Interest closing Thursday 23 November 2017 at 3:00pm AEST.

*approximately
**outline indicative only

Last updated

06 Mar 2020

Building

Whole

Floor area

30,388 sqm

Land area

115,900 sqm

Within walking distance

Within walking distance

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