Australia’s largest industrial vacancy set to spark major contest in Melbourne’s west

The largest industrial vacancy in Australia, and the current home of Target’s national distribution centre, is expected to attract an influx of interest from an array of businesses when it hits the market for lease next month.

Colliers International’s Nick Saunders and Stephen Newsham have been appointed to lease 30 Taras Avenue in Altona North on behalf of DEXUS Property Group.

“This is the largest industrial vacancy in Australia at present and a landmark asset in the Victorian industrial market due to its scale and prime location,” Mr Saunders said.

“We expect significant interest from major fashion businesses and consumer good companies looking to secure an outstanding facility in which to house their Victorian distribution centre."

The 40,831sqm logistics facility is situated on a 10.18ha site close to some of Melbourne’s major road networks, including the Princes Freeway via Kororoit Creek Road and the West Gate Freeway via Grieve Parade.

“The industrial precinct of Altona North is considered a prime logistics and transport hub in Melbourne’s west due to its ease of access to major road networks, port infrastructure and host of national and international companies who have based their operations in the area,” Mr Saunders said. “This will also contribute to making 30 Taras Avenue highly sought after."

The property comprises 2,907sqm of office space along with a high clearance, dual bay warehouse with up to 11m internal clearance, 93 recessed loading docks and six finger docks. There is also a dedicated temperature controlled room, full sprinkler system, 225 car parking spaces and 125 truck parking spaces.

Businesses are expected to flock to the West Park Industrial Estate to secure a prime office-warehouse facility at the heart of Australia’s fastest-growing industrial precinct. Colliers International’s Stephen Newsham and Nick Saunders have been appointed to lease a modern facility at Frasers Property’s premier West Park Industrial Estate amidst strong interest in high quality office and warehouse space in Melbourne’s popular west.

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