Lot 103, 5 Titan Drive Mickleham VIC 3064

Colliers Industrial & Logistics Capital Markets, as exclusive selling agents, are pleased to offer for sale Lot 103, 5 Titan Drive, Mickleham, VIC, a forward-funded food-grade and speculative logistics facility, strategically located within the premier Merrifield Business Park of Melbourne's North.

Underpinned by the insulated and inelastic demand in the Australian cold storage and food- grade sectors, while benefitting from changing consumption patterns in addition to the boom of online retail, this exceptional offering benefits from the following features:

- Institutional-grade asset design developed by MAB and constructed by Texco Constructions.
- Secure long-term lease to established national food distributor Sunny Queen under a highly favourable lease structure.
- State of the art pre-committed food grade facility of 8,120m²
- Immediate core plus opportunity via strategically leasing the speculative warehouse development and capitalise on strong market rental growth.
- Fund-through sale structure allowing for material stamp duty savings.
- Mickleham is an established industrial precinct for domestic and global occupiers including DHL, Dulux, and Ford Motor Company.
- The near 0% vacancy rate for cold storage assets Australia-wide underscores the exceptionally high demand and critical scarcity of such facilities, currently experiencing significant undersupply in the rapidly growing sector, thereby reinforcing robust investment fundamentals for sustained long- term growth.

Lot 103, 5 Titan Drive, Mickleham, is being offered for sale on a fund-through structure via an International Expressions of Interest Campaign closing 3:00 pm (AEDT) Thursday, 24th October 2024.

*approx
**outline indicative only
***artist impression only