This property was purchased off-market at $7,000,000. The property is a heavily under-rented freehold industrial property located in one of Melbourne’s established industrial markets. The property has excellent access and strategically located near Tullamarine Airport.

Based on our market research, the property offers approximately 45% net rental upside (currently $112/sqm net). This is further verified by the valuer, valuing market rents at $160/sqm net. The tenant has a short lease-tail, expiring in approximately 1 year, allowing the reversion to occur within a short period.