Industrial & Logistics

96-98 Boundary Road, Sunshine West, VIC

96-98 Boundary Road Sunshine West, VIC Australia 3020
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Attributes

Year Built 2000
Tenant Goodyear Tire & Rubber Company
Building Area Gross
Land Area Gross ()
Occupancy 100.0 %

Asset Description

JLL Capital Markets Industrial & Logistics team is excited to offer for sale an exceptional investment opportunity located at 96-98 Boundary Road, Sunshine West Victoria. Situated within a tightly held inner west industrial precinct, the property is leased to nationally recognised tenant Goodyear Dunlop (trading as Beaurepaires) and provides multiple value-add options to the incoming buyer.

Investment Highlights

Key Investment Highlights include:

  • Securely leased to nationally recognised tenant with lease expiry 7 August 2023
  • Passing income of $597,790 p.a. Net ($84*/m²), with short term positive rental reversion potential
  • Fixed contractual rental growth of 4.0% p.a.
  • Strategic land holding of 13,353m²* within tightly held infill location with limited land supply
  • High underlying land value underpins the asset
  • Flexible office/warehouse improvements capable of accommodating 2 smaller tenancies, with total GLA of 7,108m²* (plus canopy of 520m²)
  • Excellent connectivity to Western Melbourne’s major road networks

*approximate


The property is being offered for sale via Expressions of Interest closing Wednesday 30th March 2022 at 4pm (AEDT).


For further information please contact the below exclusive marketing agents.

Last Updated Date: 14 Mar 2022

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Last Updated Date: 14 Mar 2022

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