The property comprises 10 warehouse and showrooms which are individually strata titled. The total building floor area is 22,024 sqm and the site area is 44,285 sqm. The property is in an exceptional infill location within Noble Park, located less than 25 kilometres from Melbourne’s CBD and 1 km from the Eastlink and Heatherton Road interchange.
Investment strategy: The fund provides an opportunity to invest in a 10-unit industrial development with the strategy to sell down the units individually over a 2-year period.
Purchase Price / Date
$44.6m / October 2024
Valuation / Date
$44.6m / October 2024
Estimated IRR to Date
15% per annum