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81-83 Strzelecki Ave, Sunshine West, VIC, 3020

Properties / Buy / Victoria / Sunshine West

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

Closing at 4.00pm (AEDT) on Wednesday, 13 th November 2024.

Land Area

8,104 m² (*approx)

Floor Area

4136 m² (*approx)

Property Type

Industrial

Sub-type

Office/Warehouse, Logistics Building

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2. Property Highlights

Strategic Inner-West Asset Untapped Value Awaits

Prime infill location
Last mile catchment
Near term reversionary upside

The JLL Capital Markets, Logistics & Industrial team is pleased to present for sale, an unmatched opportunity to secure a value-add logistics facility at 81-83 Strzelecki Avenue, Sunshine West.

The property is positioned in a high exposure land allotment that provides immediate scale into the tightly held inner-West precinct. Offering with 100% occupancy and a short-WALE of 0.6 years*, the opportunity presents an almost instant value upside upon renewal or expiry being ~50% below current assessed market rent levels.

The facility features:

•Site area: 8,104sqm*

•Gross lettable area: 4,136sqm*

•A single warehouse structure with tilt-up and metal cladding

•Generous internal clearance ranging from 6m to 7.4m

•Four large roller shutter doors, each measuring 4.8m x 4.8m

•Integrated office space

•A separate 184sqm* rear awning

•Solar panel installation

•3-phase power supply

The property boasts excellent vehicular access, including:

•Dual B-Double approved entry points from Strzelecki Avenue

•A full drive-around, one-way truck flow system

•This layout ensures efficient logistics operations and maximizes the site's functionality for a wide range of industrial users.

The asset is being offered For Sale via an Expressions of Interest (EOI) Campaign closing at 4.00pm (AEDT) on Wednesday, 13 th November 2024.

For more information or to arrange an on-site inspection, please contact the exclusive sales and marketing team at JLL.

•Current rental income is approximately 50% below market rates

•Limited land availability in prime urban locations has fuelled significant property value increases, surpassing projected rental growth

•Upcoming major infrastructure developments, such as the West Gate Tunnel Project and the proposed Western Intermodal Freight Terminal, will enhance connectivity

•The property features premium industrial facilities, including spacious single-column warehouse with multiple ground-level roller shutter doors

Remember to mention you found this property on CommercialReady