CBRE is pleased to offer for sale, 582-600 Somerville Road, Sunshine West.
The property represents an outstanding opportunity to acquire a substantial landholding, underpinned by a long remaining lease term to a globally recognised covenant.
The secure investment opportunity offers:
- Three separate high bay warehouse facilities, situated on two separate titles
- Substantial landholding of 4.41 ha
- Two regular shaped allotments
- Fully leased to Iron Mountain Australia Group Pty Ltd
- Remaining lease term of 9.0 years
- Passing net income of $1,531,781 pa (as at 1 January 2019)
- Fixed annual increases of 3.0%
- Located in a highly sought-after precinct
- Combined 229 metre frontage to Somerville Road
- 12 kms from Melbourne CBD
- Excellent access to the surrounding road network
For sale by Expressions of Interest closing Thursday 15 November 2018 at 4.00pm AEDT.
