3 Lennon Street, West Melbourne, VIC 3003

Industrial

For Lease

  • Property ID: 436026
  • Floor Area: 3032m² - 12693m²
Components

Name Naber's Floor Land Rental (p.a.)
Total N/A 12693m2 23810m2 Contact Agent
Warehouse 1, 2 & 3 + office N/A 9679m2 N/A Contact Agent
Warehouse 2 & 3 N/A 6046m2 N/A Contact Agent
Sold / Leased Results

Name Result Date Floor Land Result Price
Warehouse 4 Leased 06/03/2024 3032m2 N/A Contact Agent
LANDMARK MAGNITUDE, CITY-FRINGE ADVANTAGE.

POINT OF INTEREST:
Industrial by design, but metropolitan by postcode — this warehousing quad is the top of its asset class. 3 Lennon Street (Corner Lloyd Street) spreads across 23,810 sqm* of prime West Melbourne industrial land, including 5,137 sqm* of hardstand and vacant outdoor space. The facility itself is a total of 12,536 sqm* split between a modern single-level office space and vast warehousing comprising four steel portal-framed warehouses all sitting under one roofline with interconnecting concrete block dividing walls. More to the point, Dynon Road and Citylink is at your doorstep and the soon to be completed Westgate tunnel project*. And when it comes to public transport, you’re looking at it. Literally. The rail lines are in view and the recently upgraded South Kensington railway station is a short walk away, some 290 m* from here.

- 12,536 sqm* total building area, including 619 sqm* of office area.
- Potential to lease separate areas of 3000 sqm*, 6000 sqm* or 9000 sqm*
- 23,810 sqm* total site area.
- 5,137 sqm* of vacant land and hardstand.
- 8 - 9.7 m* internal height.
- Multiple loading bays and loading docks to three sides.
- Industrial 1 zoning.
- 250 m* to Dynon Road.
- 500 m* to the Citylink.
- 2.8 km* to the West Gate Freeway.
- 290m* to the recently upgraded South Kensington railway station and JJ Holland parklands.
- Note: Lennon street upgrade and building refresh to commence shortly.

POINT OF VIEW:
When it comes to Melbourne’s industrial market, more is more. And with a central, enviable location playing second fiddle to the asset’s measurements, this is a landmark tenancy from all angles.


*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: TBA
  • Car Spaces: 38 marked spaces, additional available.
  • Condition: Good
  • Air Conditioning: in office area
  • Floors: Concrete
  • Lifts: N/A
  • Height: 8 - 9.7m* internal warehouse
  • Age: Circa 1980's
  • Car Parking Fees: NA
Outgoings
  • Water Rates: Refer Information Memorandum
  • Land Tax: Refer Information Memorandum
  • Council Rates: Refer Information Memorandum
  • Owners Corp. / Insurance: Refer Information Memorandum
  • Other Charges: Refer Information Memorandum
West Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $2817 $275 9.77%
Retail $7092 $301 4.24%
Offices $6403 $307 4.79%
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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