56-60 Toll Drive Altona VIC 3018

JLL Logistics & Industrial Capital Markets, in conjunction with Colliers Industrial & Logistics Capital Markets, are pleased to present the 'Altona North Distribution Centre' 56-60 Toll Drive, Altona North, for sale by an International Expressions of Interest closing Friday, 15th November at 3:00pm (AEDT).

A multi-tenanted logistics facility with full drive-around capability and dual cross-over points, located 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 17,218sqm* of GLA, with ten (10) on-grade and fifteen (15) recessed loading docks, configured over two tenancy areas fully leased to Essity Australasia and Guru Freightlines.
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.
Short 0.5-year WALE providing purchasers with the opportunity to unlock significant rental reversion potential with the current net passing income approximately 11% 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 56-60 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: $2,231,686 ($146/m2)
Net market income: $2,506,108 ($146/m2)