Dawkins Occhiuto is pleased to present for sale 117-121 Lewis Road, Knoxfield: a rare opportunity to acquire a long-WALE industrial investment within one of Melbourne’s most tightly held eastern employment precincts: Knox Central.

Approximately 25 km east of Melbourne with excellent connection to EastLink, the established Knox Central activity centre features Westfield Knox as the dominant land use, accompanied by a broad range of surrounding retail, commercial, government, sporting, recreational and community services uses.

The property is one of the largest remaining landholdings in this tightly held location and is well positioned to benefit from strong last mile attributes, large surrounding catchment and an anticipated transformation to high amenity, high value employment uses over time.

The property itself comprises a regular shaped site improved with a versatile office/warehouse of dado construction and 7 metre* minimum clearance. The existing facility is currently being upgraded to accommodate the sitting tenant’s long-term needs with a new 3,500 square metre warehouse expansion, together with significant driveway and loading upgrades.

The property features:

• 6,343 sqm* office/warehouse plus 552 sqm* building on Parkhurst Drive
• New 3,500 sqm* expansion project underway
• 18,765 sqm* site over 2 titles
• Industrial 1 Zone with potential future rezone (STCA)
• Dual street frontage (Lewis Road & Parkhurst Drive)
• Rent of $1,048,721 p.a.* (on completion)
• Excellent connectivity with EastLink and adjacent to Westfield Knox

*Approximate as at completion of expansion.

Transaction Manager: TRANSCEND PROPERTY

Dawkins Occhiuto have been exclusively retained by its confidential client to procure a major industrial site within Melbourne’s inner western industrial precinct.

Although our client has a very strong preference for inner western Melbourne, they will consider adjacent precincts also. Access to Melbourne’s Port is essential.

Our client is seeking 10-15Ha of land to design and construct their own facility and will only consider a sale.

Proposals to be submitted no later than 3.00pm on 9 October 2020.

Dawkins Occhiuto is pleased to announce the off-market sale at 51-73 Lambeck Drive, Tullamarine.

The property sold for $14,000,000 reflecting:

• a building rate of approximately $1,500 psm; and
• an initial yield of 6.60%.

The property comprises a modern office/warehouse investment located at the periphery of Melbourne Airport with excellent freeway access. The facility is fully leased to global logistics operator Hellman Worldwide Logistics.

The property sold for $14,000,000 reflecting a building rate of approximately $1,500 psm and an initial yield of 6.60%.

Dawkins Occhiuto congratulates both the vendor, a local private syndicate, and purchaser Centuria Industrial REIT on this acquisition and other major acquisitions recently announced.

For further information or a copy of our sale analysis please contact Chris Jones on +61 477 881 882.

The property features:

• Total Gross Lettable Area of 10,275 sqm* (including enclosed canopy area)
• Corner Commercial 2 zoned site of 17,320 sqm*
• Two storey office component (24% of GLA)
• Drive around access
• Significant loading facilities including enclosed and semi-enclosed canopies
• Multiple crossovers allowing easy ingress and egress
• Longstanding tenant with 2.7 years remaining
• Fixed 3.0% annual rental increases
• Net lease including single holding Land Tax and all usual outgoings
• Passing net rent of $923,812 p.a.*
• Occupied by global logistics business – Hellman Worldwide Logistics

*approx.

Dawkins Occhiuto is pleased to present for your consideration the opportunity to acquire a major commercial development site located at 86-88 Camp Road, Broadmeadows.

Situated in close proximity to the major Hume Highway / M80 Ring Road intersection within Melbourne’s northern industrial precinct, this 2.948 hectare* site benefits from flexible Commercial 2 zoning allowing for a wide range of commercial uses.

Suiting developers or owner occupiers, the road connectivity around the property is excellent, providing easy access to surrounding commercial areas, residential populations and Melbourne’s wider freeway network.

• Site Area: 2.948 Ha*
• Commercial 2 Zone
• 700m* to Western Ring Road
• Occupy or develop

* approx.

Offered in conjunction with Bosisto Commercial.