8 Dunlop Street, Bayswater
AU - Bayswater, APAC
26,303 m²
Asset Description
Capital Markets at JLL are pleased to exclusively offer for sale 450-466 Princes Highway, an unmatched value-add investment opportunity in the heart of one of Australia’s premier logistics precincts.
Centrally located along a key arterial road in Melbourne’s South East, the property is hyper-connected to the wider arterial network – appealing to a wide array of occupiers.
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Attributes
Building area net
22,024 m²
Occupancy
100%
Year built
2019
Land area gross
4,114 m²
Media
Investment Highlights
- Passing income is ~30% below assessed market levels - direct ability to access MTM reversion
- Unique offering whereby the estate has a registered 10 lot strata plan of subdivision – allowing sell down strategies to be implemented immediately
- Substantial land holding of 4.4ha that's serviced by over 140m of frontage to the Princes Hwy
- Flexible lease expiry profile and an attractive WALE of 4.21 (as at Oct 23) years - allowing incoming purchasers to reset rents to market levels and capitalise on the reversionary upside
The asset is being offered For Sale via International Expressions of Interest closing Wednesday 1 November 2023 at 3pm (AEDT).
For further information, please contact a member of the JLL team.
Contact brokers
450-466 Princes Highway, Noble Park (0 Properties)
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Last updated
23 Feb 2024
