47 Westgate Drive, Altona North, VIC 3025

Industrial

For Sale Contact Agent

  • Property ID: 391738
  • Floor Area: 26998m²
  • Land Area: 55500m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Premium Logistics Portfolio – NSW & VIC

Premium Logistics Portfolio – NSW & VIC

JLL Capital Markets Industrial & Logistics team and CBRE, are pleased to offer for sale the “Premium Logistics Portfolio”. Offered to the market for sale in-one-line or individually, the portfolio comprises three high quality assets within Australia’s most sought after states – New South Wales and Victoria.
Key Investment Highlights for 47 Westgate Drive, Altona, Victoria include:

• GLA of 26,998 m²
• Sprinklered facility within minimum internal clearance of 8.2* metres rising to 10.4 metres at the apex
• Site Area of 55,490m² with drive-around access
• Fully leased to national tenant Brand Collective
• 2.0 year WALE (as at 1 July 2021)
• Passing income of $2,077,519* net p.a. ($77/m²), providing future positive rental reversion upside
• Surplus land providing further development potential / value-add opportunities (STCA)
• Situated within Melbourne’s high growth western corridor, providing the ideal location for last mile occupiers servicing Melbourne’s growing western population
• Excellent connectivity to surrounding arterials
 *approx

The property is being offered for sale, in conjunction with 1 Johnson Road, Campbelltown New South Wales, and 26 Harcourt Road, Altona, Victoria via International Expressions of Interest closing Thursday 17th June 2021 at 4pm (AEST).

For further information please contact the below exclusive marketing agents.

Altona North Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $4482 $177 3.96%
Industrial $2763 $151 5.48%
Offices $3082 $170 5.52%
This is the average advertised price, rent and yield for Altona North, VIC 3025*

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

Days on Market data for Industrial in VIC for Sale

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:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 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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