A quality 4 warehouse industrial development on a 3.6ha site with a 234m frontage to Freight Drive. The four warehouses have a total area of 21,418 sqm and are all contained within individual Certificates of Title. The property is located on Freight Drive, Somerton located 1 km from the Hume Freeway and 6 km from the Melbourne Metropolitan Ring Road.
Investment strategy: The fund’s objectives are to invest in a four-warehouse development and to realise value through undertaking a staged sell down of the individual lots to owner occupiers and private investors over a 12 month hold period. Proceeds from sales are to be released back to investors and the financier over the 12-month project duration.
Purchase Price / Date
$42.5m / March 2026
Valuation / Date
$42.5m / February 2026
Estimated Annualised IRR
20% per annum