62 Northgate Drive Thomastown VIC 3074

Colliers, as exclusive selling agents, are pleased to offer for sale 62 Northgate Drive, Thomastown, a high-quality logistics asset located within one of Melbourne's strongest core last mile logistics precincts.

Underpinned by terrific design features and substantial base building upgrades, the offering benefits from the following key features:
• Institutional-grade asset improvements, totalling 4,970m²*, built to the highest quality and specification
• WALE of 3.6 years, with strong fixed rental increases of 4% p.a. providing transparent income growth
• Secure net passing income of $795,200 ($160/m²) per annum, which is below market levels
• Versatile logistics facility that is fully sprinklered throughout, and equipped with two recessed loading docks and two on-grade doors
• The asset is fully leased to NPFulfilment, an established logistics company serving throughout Australia and New Zealand
• Exceptionally low vacancy levels supporting strong rental growth within Melbourne's North precinct will continue to support the accretive growth in capital values
• Regular shaped land holding of 7,600m²* with an extensive street frontage of more than 69* metres providing maximum exposure and street appeal
• Infill industrial and logistics location approximately 16 kilometres North of the Melbourne CBD and surrounded by large residential catchments, future proofed to capture the rapid growth of e-commerce

62 NORTHGATE DRIVE, THOMASTOWN IS BEING OFFERED FOR SALE VIA AN EXPRESSIONS OF INTEREST CAMPAIGN CLOSING 12:00PM (AEST) WEDNESDAY 23rd APRIL 2025.

To request further due diligence information or to arrange an inspection, contact the exclusive Colliers selling agents.

*Approximate
**Outline indicative only