48-54 Burns Road Altona VIC 3018

Colliers are pleased to present to market for sale 48-54 Burns Road, Altona.

This secure inner-West industrial investment is underpinned by strong fundamentals including a modern full height precast design with good internal clearance of 10m. Fully sprinklered warehouse with complete drive around access, under cover canopy area for all weather loading and multiple high speed rapid doors.

The property is securely leased to Portwest Pacific who is an established market leader in the design and manufacturing of high-quality workwear and PPE.

The property is strategically located in one of the most sought after industrial and logistics precincts in Australia with excellent access and connectivity to the Port of Melbourne and the CBD. The property has expansive frontage to both Burns Road and Harcourt Road with nearby linkage to Kororoit Creek Road and the Princes Freeway.

Key investment highlights include:

- 6,733m² stand-alone modern office/warehouse
- Significant passing net income of $706,965 p.a net
- Fixed annual rental increases of 3%
- WALE of 5.0 years by income
- One further option of five years
- Face market rent review at the option with no cap or collar

All figures are approximate

48-54 Burns Road is offered for sale via Expressions of Interest campaign closing Wednesday, 14th June at 4pm (AEST).

*Outlines indicative only