The Noble Park Portfolio Noble Park VIC 3174

Colliers Industrial & Logistics Capital Markets are pleased to present to the market for sale, The Noble Park Portfolio comprising three standalone industrial assets uniquely located at 21-23 Summit Road, 15-19 Summit Road, and 126-128 Browns Road, Noble Park.
This rare core plus investment offering is underpinned by an array of future value enhancement and higher order redevelopment opportunities.

Key portfolio investment highlights include:
- Combined building area of 10,770m²*
- Combined land holding of 19,012m²* across three separate titles
- Substantial passing income of $967,995 per annum net ($90/m²) which is significantly below assessed market rental levels
- WALE 2.61 years by income
- Strategic last mile logistics location in Noble Park with immediate access to surrounding residential catchment areas and exceptional connectivity to the Princes Highway, Monash Freeway and EastLink.

Individual asset summaries:

21-23 Summit Road, Noble Park
Total building area : 3,458m²*
Total land area : 6,904m²*
Net Passing Income : $295,036 p.a ($85/m²)
WALE: 1.74 years

15-19 Summit Road, Noble Park
Total building area : 4,554m²*
Total land area : 7,703m²*
Net Passing Income : $433,030 p.a ($95/m²)
WALE: 3.05 years

126-128 Browns Road, Noble Park
Total building area : 2,758m²*
Total land area : 4,406m²*
Net Passing Income : $239,929 p.a ($87/m²)
WALE: 2.87 years

The Noble Park Portfolio is offered for sale via Expressions of Interest campaign closing Thursday, 10th October 2024 at 4.00pm (AEDT).

For further information on this unique opportunity, please contact the exclusively appointed agents.

*Approximate
**Outlines indicative only