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.
**outline indicative only
06 Mar 2020