OVERVIEW

Cushman & Wakefield Capital Markets Logistics & Industrial are pleased to present an exceptional inner western investment opportunity located at 29-35 Taras Avenues, Altona North.

Comprising a modern 8,811sqm facility, the asset occupies a 1.82ha corner site in the infill suburb of Altona North, just 12km west of the Melbourne CBD. Offering prime connectivity to major road networks and the Port of Melbourne, the property is underpinned by a strong tenant covenant with Ryco Group, which has recently renewed for five years, providing secure income of $1,233,540 p.a. ($140/sqm) with 3.5% annual increases and strong future growth prospects.

Key Investment Highlights include:

·      Established Infill Location - Just 12km west of the Melbourne CBD, Altona North is a cost-effective location with excellent road linkages and large economic catchment.

·      Strong longstanding tenant - The property has been occupied by Ryco since completion, underscoring its quality, suitability, and professional management.

·      New lease – Recently executed 5-year renewal with fixed 3.50% annual increases and uncapped market review upon renewal.

·      Corner Landholding - Rare, regular shaped corner parcel of 1.82 ha providing prominent visibility and multiple access points.

·      Prime Quality Improvements - Modern and fully sprinklered high quality office/warehouse constructed 2012 by Salta.

·      Discount to Replacement Cost - Exceptional value relative to underlying land value and current replacement cost.

·      Excellent Connectivity - Easy access to the West Gate Freeway (M1), Western Ring Road (M80), Western Freeway (M8), Princess Freeway (M1), Port of Melbourne, Melbourne International Airport.

*All figures approximate & as at 1 November 2025

The property is offered for sale via Expressions of Interest closing Thursday 20 November 2025 at 3pm (AEST).