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Sought-After Industrial Distribution Centre Sells For $43.5 million

goodman

 from Goodman.

The negotiation held by James Templeton and Gab Pascuzzi of Knight Frank, reflects the growing trend of investors seeking quality industrial assets located in Australia’s largest logistics capital, Laverton North.

32-58 William Angliss Drive is located approximately 16 kilometres east of the Melbourne CBD, and within a three-kilometre radius of Deer Park Bypass and Western Ring Road.

Laverton North is a desired location for major businesses and corporations due to its transport networks to airports, seaports and major arterials.

James Templeton, Managing Director at Knight Frank

said the high demand for industrial assets in the inner city regions has attracted major corporations.

“There is strong demand for industrial assets located in the region and as a result has attracted major occupiers including Toll, Coles, Fosters, Mercedes Benz, Aldi, and Visy to name a few,’ said Mr Templeton.

“In a national environment where significant core assets rarely become available, 32-35 William Angliss Drive was an outstanding offering which provided the opportunity to acquire a superbly located, modern industrial estate with high quality income stream.”

The large industrial site is 46,218 square metres of net leasable area, and benefits from two street accesses, with east connectivity to major roads including Ring Road, Deer Park Bypass and Princes Freeway.

The property is securely leased to a variety of quality tenants including Australia Post, Kimberley-Clark, Fastline and Silver Chef with a total net income of approximately $3.5 million per annum.

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Article originally posted at: https://https://theurbandeveloper.com/articles/sought-after-industrial-distribution-centre-sells-for-43-5-million