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32-54 Toll Drive
Altona North VIC 3025
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JLL - Melbourne

32-54 Toll Drive Altona North VIC 3025

  • Factory, Warehouse & Industrial
  • 18,727 m²
  • For Sale, Contact Agent

Prime last-mile logistics facility in one of Melbourne's most sought-after precincts

  • Premium logistics facility
  • Strategically positioned
  • Short 0.2-year WALE

JLL Logistics & Industrial Capital Markets, in conjunction with Colliers Industrial & Logistics Capital Markets, are pleased to present the 'Altona North Distribution Centre' 32-54 Toll Drive, Altona North, for sale by an International Expressions of Interest closing Friday, 15th November at 3:00pm (AEDT).

A modern logistics facility with leading ESG credentials, situated in one of Melbourne's most tightly held last-mile logistics precincts. The property offers excellent connectivity to the Port of Melbourne and the Western Ring Road, and benefits from genuine core-plus investment characteristics.

Key Investment Highlights:
Modern, warehouse and distribution facility incorporating 18,727sqm* of GLA, with six (6) on-grade and ten (10) recessed loading docks, configured over a single tenancy area fully leased to Toll Transport.
Premium logistics improvements, including internal clearance up to 12.8 metres, super awning cover, and expansive 50m deep concrete hardstand areas to the front and rear of the facility, surplus yard area and ESFR sprinklers throughout.
Two (2), surplus land components facilitating future value-add redevelopment upside. 
Short 0.2-year WALE providing purchasers with the opportunity to unlock significant rental reversion potential with the current net passing income approximately 22% below the assessed market levels.

Location Overview

The distribution centre is located within the established infill industrial precinct of Altona North, along the western side of Toll Drive, approximately 11km west of the Melbourne CBD. The "Altona Distribution Centre," at 32-54 Toll Drive, Altona North, is in close proximity to key arterial roads and motorway infrastructure, including the M1, M80, M8, and M2 motorways. Notable neighbouring occupiers in the area include Toll, Qube, CHEP, Team Global Express, and Pickles.

For further information or to arrange an on-site inspection, please contact the sales & marketing agents at JLL and Colliers. 

*All areas are approximate.

Net passing income: $2,035,157 ($109/m2)
Net market income: $2,621,780 ($140/m2)
Office: 580sqm*
Warehouse: 18,147sqm*

JLL - Melbourne
JLL - Melbourne
Level 33/101 Collins St
Melbourne, VIC 3000

Property Highlights

Floor Area18,727 m²
Land Area4.8 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019588601
Category
Last updated  24 Oct 2024
Map for 32-54 Toll Drive Altona North VIC 3025

Nearest transport* to 32-54 Toll Drive Altona North VIC 3025

Bus
Train
Tram
Ferry
Grieve Pde/Pinnacle Way (Altona North)756 m
Toyota Australia/Grieve Pde (Altona North)1.2 km
Park & Ride/Millers Rd (Altona North)1.3 km
Berkeley Cres/Millers Rd (Altona North)1.4 km
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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JLL - Melbourne
JLL - Melbourne
Level 33/101 Collins St
Melbourne, VIC 3000

Property Highlights

Floor Area18,727 m²
Land Area4.8 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019588601
Category
Last updated  24 Oct 2024

Co-Agents

Ben Hegerty
Ben Hegerty
JLL - Melbourne
Call
+61414717555
Sean Thomson
Colliers International - Sydney
Call
0418 943 452
Gavin Bishop
Colliers International - Sydney
Call
0401 146 051

More about 32-54 Toll Drive Altona North VIC 3025

32-54 Toll Drive Altona North VIC 3025 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 18,727 m² and a land area of 4.8 ha. The listing ID for this property is 2019588601.

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