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34-38 Bakehouse Road, Kensington, VIC, 3031
Tenanted Investment

Property Highlights

FOR SALE – Fully occupied, last-mile logistics investment on Melbourne CBD doorstep
  • Coveted last mile logistics location
  • Globally recognised tenant
  • Attractive WALE of 1.3 years by income

Cushman & Wakefield Capital Markets Industrial & Logistics, in conjunction with Melbourne Commercial Group, are pleased to offer for sale 34-38 Bakehouse Road, Kensington. An exceptionally well-maintained industrial facility, positioned within Melbourne’s coveted last mile logistics precinct of Kensington, only 3kms from the Melbourne CBD.

Key Investment Highlights include:

  • Industrial facility of 2,633 sqm with temperature-controlled areas.
  • Strategically positioned in Melbourne’s highly desirable city-fringe industrial and logistics precinct of Kensington – only 3kms from the Melbourne CBD.
  • Net passing income of $392,786 p.a. ($149/sqm).
  • Attractive WALE of 1.3 years, allowing for short term potential positive rental reversion.
  • Fully occupied by an internationally recognised covenant in MNX Global Logistics – a global leader in the transportation of biopharmaceutical products.
  • Unmatched last mile logistics characteristics with substantial surrounding residential catchments.
  • Neighbouring Melbourne’s Biomedical precinct – a crucial factor in the continued operation of MNX Global logistics.
  • Excellent connectivity to multiple public transport hubs including South Kensington Station, Kensington Station, Macaulay Station & Arden Station (under construction).

Note: all figures are approximate.

The property is being offered for sale via Expressions of Interest closing Wednesday 1 November 2023 at 3pm (AEDT).

For further information please contact the marketing agents.

Remember to mention you found this property on CommercialReady

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STEP 01 Finance type
Commercial Investment Finance
STEP 02 Property Address
34-38 Bakehouse Road, Kensington, VIC, 3031
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Map: 34-38 Bakehouse Road, Kensington, VIC, 3031