Blue-Chip Port Melbourne Asset Anchored by Global Tenant

Overview

Description

POINT OF INTEREST:

There's a version of Melbourne's industrial market that sits 3 km* from the CBD, backs onto the continent's busiest container port, and still delivers a 300 sqm* office and warehouse investment with secure income and a tenant already in place — and you’ve clicked it. Unit E5 at the Port IT Business Park covers the full complement of a modern commercial occupier: 169 sqm* of high-clearance warehouse and ground floor area and a 131 sqm* first floor office above it — air-conditioned, self-contained, and finished to the standard that attracts the kind of tenant who stays. Heidelberg Engineering is that tenant. A market leading manufacturer of state-of-the-art ophthalmic diagnostic instruments, with over 36 years in the industry, occupying the property since 2019, the current rental return is $79,941.72 per annum net with 100% of outgoings recoverable. The Fishermans Bend urban renewal designation surrounding the precinct continues to underpin the area's trajectory, even beyond what the current income alone suggests. The West Gate Freeway and CityLink are immediately accessible, Bay Street's retail and hospitality strip is minutes away (but so is South Melbourne Market), and Port Melbourne Beach is the kind of end-of-day fringe benefit that most city-fringe addresses can't credibly claim.

- 300 sqm* total building area.
- Current rental $79,941.72 per annum + GST
- Leased to Heidelberg Engineering Pty Ltd, a market leading manufacturer of state-of-the-art ophthalmic diagnostic instruments, with over 36 years in the industry.
- Tenant has been in occupation for over 7 years.
- 5 on-title car spaces.
- 450m* to the Citylink.
- 3 km* to the CBD.

POINT OF VIEW:

Secure income, an industrial blueprint, and a city-fringe address sitting at the edge of one of Melbourne's most significant urban renewal corridors — Turner Street is the kind of investment that looks considered now and looks obvious later.


*Approx.
Pricing excludes GST