40 Glenbarry Road, Campbellfield VIC 3061

Dawkins Occhiuto are pleased to exclusively present for your consideration an exceptional value-add opportunity - 40 Glenbarry Road, Campbellfield.

Situated in Melbourne's thriving northern industrial precinct, this property is strategically located just 16.5 kilometres* from the Melbourne CBD, offering outstanding connectivity to major arterial roads including the Hume Highway, Metropolitan Ring Road (M80) and Cooper Street.

This offering represents a compelling opportunity to acquire a substantial 2.5 hectare* site with five distinct office/warehouse buildings totalling 11,855.7 sqm* of gross lettable area. The property's recent leasing success and future development potential make it an opportunity not to be overlooked.

Adding to its appeal, the property is 80%* leased to established tenants including Kounis Metal Industries and Tickford Racing. Tickford Racing has recently committed to a lease renewal at a 56%* rental increase, demonstrating significant rental reversion potential across the complex. The property offers a growing income profile from $845,228 per annum* to $1,037,904 per annum* from February 2025. In addition, the current vacancy of the brand-new Building DE could generate an additional circa $300,000 per annum once leased.

Key features of the offering include:

• Significant site of 2.5 hectares* with Industrial 1 zoning
• Five distinct buildings with a total of 11,855.7 sqm* gross lettable area
• 80%* leased to quality tenants with proven rental growth
• Net Passing Income of $845,228 p.a.* increasing to $1,037,904 p.a.* from February 2025
• Potential for an additional circa $300,000 p.a.* through leasing the vacancy
• Recent 56%* rental increase achieved through tenant renewal
• Prime location with excellent transport links

*approx.

This property is offered for sale via Expressions of Interest closing Thursday, 12 December 2024 at 3.00pm (AEDT).

Please contact exclusive selling agents, Dawkins Occhiuto for more information.