Demand for space in Melbourne’s premier western industrial precinct is expected to underpin strong interest in the upcoming sale of a Laverton North facility.
CBRE has been appointed to market the 137-143 Fitzgerald Road property, comprising a conventional industrial office and warehouse facility on a 29,700sqm site, on behalf of a private investor.
Prominently positioned on a major thoroughfare, the facility offers a GLA of 16,375sqm suitable for a myriad of occupiers. The property is currently tenanted on a short term basis, providing a passing income of approximately $1.01 million per annum.
CBRE’s Tom Hayes, who has been appointed to sell the property in conjunction with fellow agents Rory Hilton and Ben Hegerty, said the property’s position in one of Melbourne’s most sought after industrial hubs would attract strong interest.
“Benefitting from a central location in Laverton North, the property provides excellent access to several major thoroughfares, including the Princes Freeway and Western Ring Road,” Mr Hayes said.
“This ideal location provides efficient access to Melbourne’s CBD, the Port of Melbourne and the Melbourne International Airport – factors that will ensure a strong leasing guarantee, and ultimately secure investment opportunity.”
Surrounding occupiers in the immediate area include Metcash, Murray Goulburn, ACI and Oxford Cold Storage – further reinforcing the strategic location.
The facility includes a single storey office and amenities area, while the warehouse offers an internal clearance of approximately six metres – eight metres.
The property is being offered for sale via an Expression of Interest campaign closing Thursday 30th March.
CBRE has been appointed to market the 137-143 Fitzgerald Road property, comprising a conventional industrial office and warehouse facility on a 29,700sqm site, on behalf of a private investor.
Prominently positioned on a major thoroughfare, the facility offers a GLA of 16,375sqm suitable for a myriad of occupiers. The property is currently tenanted on a short term basis, providing a passing income of approximately $1.01 million per annum.
CBRE’s Tom Hayes, who has been appointed to sell the property in conjunction with fellow agents Rory Hilton and Ben Hegerty, said the property’s position in one of Melbourne’s most sought after industrial hubs would attract strong interest.
“Benefitting from a central location in Laverton North, the property provides excellent access to several major thoroughfares, including the Princes Freeway and Western Ring Road,” Mr Hayes said.
“This ideal location provides efficient access to Melbourne’s CBD, the Port of Melbourne and the Melbourne International Airport – factors that will ensure a strong leasing guarantee, and ultimately secure investment opportunity.”
Surrounding occupiers in the immediate area include Metcash, Murray Goulburn, ACI and Oxford Cold Storage – further reinforcing the strategic location.
The facility includes a single storey office and amenities area, while the warehouse offers an internal clearance of approximately six metres – eight metres.
The property is being offered for sale via an Expression of Interest campaign closing Thursday 30th March.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
