Premium Long WALE Convenience Asset
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Dawkins Occhiuto are pleased to present for sale this exceptional opportunity to acquire one of Melbourne’s most high-profile service station and convenience complexes.
The property is prominently positioned along one of Australia’s busiest roads and one of Melbourne’s most vital arterials, the West Gate Freeway, just 3 km from the Melbourne CBD.
With unparalleled freeway exposure to an estimated 175,000 passing vehicles per day, the property sits at the intersection of the Todd Road exit and Cook Street at the inbound entrance to Port Melbourne/Fishermans Bend.
This modern facility investment is anchored by a triple net lease to Viva Energy (trading as Shell/Coles Express) and is complimented with a food court offering four tenancies including two drive through restaurants in Hungry Jacks and Red Rooster.
The existing high-volume site has huge surrounding growth potential, featuring:
- Modern service station and convenience complex constructed 2015
- Large landholding of 10,010 sqm*
- Total lettable area of 697.5 sqm* across Shell/Coles Express and 4 food tenancies
- 2 drive throughs servicing both Hungry Jacks and Red Rooster
- 7 rows of pumps and large truck canopy
- Total passing net income of $1,545,572 per annum* (from 12 May 2021)
- 90% of rental secured for at least 9.7 years (as at 1 April 2021)
- 8.8 year WALE by income (as at 1 April 2021)
Agents:
Chris Jones
03 8825 4556
Walter Occhiuto
03 8825 4551
03 8825 4555
Expressions of Interest closing: Thu 13 May
3:00 PM
Unrepeatable Permit in Emerging Location
Dawkins Occhiuto is pleased to present for sale 101 Salmon Street, Port Melbourne: an outstanding development opportunity within the emerging Wirraway precinct of Fisherman’s Bend, just three kilometres from the Melbourne CBD.
The surrounding Wirraway precinct is now in the midst of a rapid transition into a medium density, residential mixed-use neighbourhood. The property is surrounded by new projects supported by a raft of proposed community infrastructure including supermarkets along Plummer Street, the new Fishermans Bend High School, proposed primary school (to compliment the already completed South Melbourne Primary), tram connection with the CBD, JM Murphy Reserve upgrades, and health and recreational hubs.
The property is also a short walk from The University of Melbourne’s proposed engineering and design campus, part of the Victorian State Government’s larger redevelopment of the 38 Ha former Holden manufacturing plant within the 230 Ha Employment Precinct.
The property itself comprises a regular shaped and generally level parcel of unimproved land with 39m* frontage to Salmon Street and depth of 89m*.
The property features:
- Total land area of 3,287 sqm*
- Flexible Capital City zoning
- Existing planning approval for a 12 level mixed use project (4 levels higher than current controls)
- Located a stone’s throw from new full line Woolworths and Dan Murphy’s
- Under 400m* to 11 hectare JM Murphy Recreation Reserve
- Suitable for a wide range of alternative development outcomes (STCA)
- Position immediately opposite 2.5 Ha* of land earmarked for future public open space
*approx.
Agents:
Walter Occhiuto
03 8825 4551
Andrew Dawkins
03 8825 4552
03 8825 4555
Expressions of Interest closing: Thu 22 Apr
3:00 PM
Expressions of Interest – Major Industrial Land Requirement – Inner Western Melbourne
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.
Agents:
Walter Occhiuto
03 8825 4551
Chris Jones
03 8825 4556
03 8825 4555
29,480 sqm* Development Site
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.
Agents:
Walter Occhiuto
03 8825 4551
Chris Jones
03 8825 4556
03 8825 4555
Expressions of Interest closing: Thu 27 Aug
3:00 PM
Modern Industrial Investment in Prime Location
Walk-through Video, click HERE
Dawkins Occhiuto is pleased to present for sale 33-39 Jessica Way, Truganina: a purpose-built (2008 & 2017) office and warehouse investment opportunity.
The property comprises a regular shaped site boasting 100m* of street frontage improved with a high quality and versatile office/warehouse featuring clear span warehouse chamber of full height concrete panel construction and minimum 8.5m* clearance.
The current tenant has been in occupation for over a decade, having originally built, and later expanded, the improvements to suit their owner-occupier requirements (both undertaken by Vaughan Constructions). The tenant has further expanded into the adjoining south property which is used in conjunction with the property (but does not form part of the current offering).
The property occupies a prime location within Melbourne’s core western industrial precinct with strong links to major surrounding road networks.
The property features:
- Total Gross Lettable Area of 4,982 sqm*
- Large Industrial 3 zoned site of 8,250 sqm*
- Raised office with light to three sides and undercroft parking (5% of GLA)
- Full height concrete panel construction
- 8.5m* springing height
- Wide undercover loading area featuring at grade and recessed loading points
- Two crossovers allowing easy ingress and egress
- 6 year lease with 4 years remaining (as at 27 June 2020)
- Fixed 3.0% annual rental increases
- Net lease including single holding Land Tax and all usual outgoings
- Passing net rent of $408,447 p.a.* (from 27 June 2020)
- Occupied by food processing tenant – Dairy Best Victoria
Agents:
Chris Jones
03 8825 4556
Walter Occhiuto
03 8825 4551
03 8825 4555
Expressions of Interest closing: Thu 23 Jul
4:00 PM