10-18 Frederick Road & 5-9 Justin Road Tottenham VIC 3012

CBRE is pleased to offer for sale 10-18 Frederick Road and 5-9 Justin Road, Tottenham. The asset represents a rare opportunity to acquire a land rich investment situated in one of Australia's most desirable infill logistics precincts, providing both secure income over the medium term and future development or repositioning opportunities (STCA).

- Functional building improvements, comprising three warehouse units
- GLA of 10,433 sqm plus 120T container rated hardstand area
- Multiple roller shutter doors
- Secure income with a WALE of 3.9 years (as at 1 December 2024)
- Strong annual increases to the greater of CPI or 4.5%
- Net Passing Income of $1,367,229 pa*, considered to be underlet
- Substantial landholding of 2.73 ha
- Corner site with egress and ingress points from Frederick Road and Justin Road
- Approximately 10km to Melbourne's CBD

The property is offered for sale via Expressions of Interest closing 17th October 2024 at 4:00pm AEDT.

All figures approximate.
* Assuming a 4.5% increase in October 2024