44 - 60 Fenton Street

Exceptional value-add last mile opportunity

JLL is pleased to exclusively present the opportunity to acquire 44–60 Fenton Street, Huntingdale, located within Melbourne’s tightly held infill Eastern industrial corridor. This versatile multi level facility offers strong future potential, underpinned by a prime last mile location with excellent access to a substantial workforce and consumer catchment.

Secured by established tenant covenants including TLC Always Moving, Tommy Swisse and James Moran Furniture, the property delivers a WALE of 1.56 years (1st July 2026), with leases offering flexibility for repositioning via development clauses and the opportunity to unlock significant reversionary upside + surplus land for further development.

Key Site Features & Investment highlights:
+ GLA: 21,638sqm (across two levels)
+ Site Area: 23,020sqm
+ Existing Infrastructure: Natural Gas Supply, High Power Capacity, ESFR Sprinkler system
+ Number of Tenants: Four (4) plus telecommunications tower (94% occupancy)
+ Passing Income: $1,162,944 // $54 per sqm
+ Further Development Potential: Estimated surplus land area of 3,615sqm* enables additional development potential of 1,260sqm GLA, enhancing overall asset value and returns.
+ Multiple Exit Strategies: Flexible acquisition suits astute developers and investors seeking refurbishment and release opportunities, or strata subdivision and sell-down on surplus land.
+ Staged Repositioning: Vacant possession negotiable for 50% of facility (Level 1) immediately, with full vacant possession by Q1 2029 or earlier by negotiation, enabling staged repositioning while retaining income.
+ Significant Reversionary Upside: Substantial rental reversion opportunity through strategic value-add development and repositioning aligns with current market rental growth trajectory.

Huntingdale sits within one of Melbourne's most established Eastern industrial precincts, offering proximity to the CBD and access to over 2.2 million Melburnians within a 30-minute drive*. This strategic location makes it an exceptional hub for last-mile logistics operators seeking efficient metropolitan distribution.

44–60 Fenton Street represents a compelling opportunity for both sophisticated investors and developers, and is offered for sale via an Expressions of Interest campaign closing at 3:00 pm (AEST), Wednesday 27th May 2026.

For further information, access to due diligence material or to arrange an inspection, please contact a member of our team.