CORE LOGISTICS INVESTMENT - 4.6 YEAR WALE

571 Mt Derrimut Road, Derrimut, Victoria 3026

Industrial For Sale

Expressions of Interest. EOI Date 25 May 2017
Land Area: 15,520.00 m2.    Floor Area: 8,320.50 m2.    

Description

The property is located within the core Western Melbourne industrial precinct of Derrimut, one of Victoria’s most sought after logistics precincts due to its ease of access to Melbourne’s road network and port infrastructure. Comprising a highly functional industrial facility with a GLA of 8,320.5 sqm* on a large corner site of 15,520 sqm* the site benefits from dual exposure along Mount Derrimut and Boundary Roads.

The asset is fully leased to United Steel Pty Ltd, trading as GAM Steel, one of Australia’s leading long steel products processing and distribution businesses. The facility is subject to an annual net rental of $624,038 with a WALE of 4.6 years (as at 1 May 2017).

571 Mount Derrimut Road provides the ideal opportunity to acquire a prime asset underpinned by long term lease with strong annual rental reviews and a well recognised covenant, corner location and exceptional surrounding infrastructure.

The property is offered for sale via an Expressions of Interest campaign closing Thursday 25th of May at 4.00pm AEST.

Features

  • Passing income of $624,038 p.a. net
  • WALE of 4.6 years (as at 1 May 2017)
  • Strong annual rental increases at 3%
  • Drive around and drive-through access
  • High profile corner site

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