1 Lennon Street, West Melbourne, VIC 3003

Industrial | Showrooms | Offices

For Lease

  • Property ID: 432659
  • Floor Area: 58m² - 1609m²
Components

Name Naber's Floor Land Rental (p.a.)
Ground Floor Office N/A 389m2 N/A Contact Agent
Level 1 Office N/A 426m2 N/A Contact Agent
Level 2 Office N/A 426m2 N/A Contact Agent
Level 3 Office N/A 388m2 N/A Contact Agent
Level 4 Office N/A 349m2 N/A Contact Agent
Level 5 Office N/A 58m2 N/A Contact Agent
Warehouse 2 N/A 1185m2 N/A Contact Agent
Warehouse 3 N/A 1234m2 N/A Contact Agent
Warehouse 4 N/A 1070m2 N/A Contact Agent
Warehouse 6 N/A 893m2 N/A Contact Agent
Warehouse 7 N/A 829m2 N/A Contact Agent
Sold / Leased Results

Name Result Date Floor Land Result Price
Warehouse 1 Leased 03/04/2024 1609m2 N/A N/A
Warehouse 5 Leased 03/04/2024 974m2 N/A N/A
Warehouse 8 Leased 03/04/2024 980m2 N/A N/A
THE NEW INDUSTRIAL - LENNON MILLS

POINT OF INTEREST:
Offering a unique blend of industrial and creative spaces designed to meet the needs of the most forward-thinking businesses, Lennon Mills in a modern industrial estate comprised of 8 office/warehouse/showroom buildings.
With cutting-edge design and infrastructure, Lennon Mills is powered by data and technology, offering unparalleled connectivity and accessibility. Its strategic location puts it only 850m* from the Port of Melbourne, with direct underpass access to South Kensington train station, and close to Melbourne’s CBD.
Inspired by the heritage and character of the site and its Melburnian context, Lennon Mills is a thoroughly new approach to industrial. Its high quality, efficient and seamlessly designed spaces offer a modern industrial product, flexible office and creative workspaces, all on the city fringe.

- 8 individual warehouses ranging 829 sqm* - 1,609 sqm*
- 6 individual offices ranging 58 sqm* - 426 sqm*
- Clear span warehouses with max ceiling height of 12.2m
- 7 high racking configurations available
- Fully sprinklered warehouses
- 108 car spaces allocated across tenancies
- Unique views over metro rail line and CBD
- End of trip facilities and ample bike parking
- High office to Warehouse ratio
- 850m* to Port Melbourne
- 1km to the CityLink onramp
- 3km to Melbourne CBD
- JJ Holland Park 350 m* away


POINT OF VIEW:
Lennon Mills is the workplace for creative thinkers and industrial pioneers alike. Tailored to leading industrial businesses and creative brands, it is designed to put wellness at the forefront, allowing businesses to thrive.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Immediate
  • Car Spaces: Allocated on site
  • Condition: Excellent
  • Air Conditioning: Offices
  • Floors: Concrete
  • Height: 10-12 metres*
  • Age: Brand new or Refurbished
  • Car Parking Fees: Included in rental
Outgoings
  • Water Rates: See below
  • Land Tax: See below
  • Council Rates: See below
  • Owners Corp. / Insurance: See below
West Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $7092 $251 3.54%
Offices $6403 $307 4.79%
Industrial $2817 $275 9.77%
This is the average advertised price, rent and yield for West Melbourne, VIC 3003*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in VIC for Lease

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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