Watch Watch

2. Property Highlights

For Sale – Attention: Investors, Developers & Owner Occupiers
  • High exposure landholding
  • Approved for industrial unit development
  • Internationally recognised tenant

Cushman & Wakefield Capital Markets Industrial & Logistics team is pleased to offer for sale a strategically positioned Industrial 1 zoned landholding benefiting from excellent exposure to Hume Highway, located within the highly sought-after northern Melbourne industrial precinct of Campbellfield.

Key Investment Highlights for 1608 Hume Highway, Campbellfield include:

  • Significant 1.65 hectare site with exceptional exposure to Hume Highway of 85 metres.

  • A rarely offered 1-2 hectare landholding with direct frontage to Hume Highway.

  • City of Hume approval for future development of a 46-unit industrial business park.

  • 100% occupied by earthmoving equipment supplier, Komatsu.

  • Remaining lease term of 2.8 years by income, with no further options, allowing for potential future rental uplift.

  • Potential to negotiate with existing tenant upon expiry of current lease term.

  • Excellent connectivity with convenient access to major arterial including Metropolitan Ring Road (M80) and Hume Freeway (M31).

  • Location to benefit from industrial market fundamentals with record low vacancy fueling strong rental growth.

  • Note: all figures are approximate

The property is being offered for sale via Expressions of Interest closing Thursday 12th October 2023 at 3pm AEDT.

For further information please contact the below exclusive marketing agents.

Remember to mention you found this property on CommercialReady

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4. Property Location

1608 Hume Hwy, Campbellfield, VIC, 3061

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5. Due Diligence

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