Cushman & Wakefield Capital Markets Logistics & Industrial, in conjunction with CBRE, are pleased to present for sale 31 Garden Street, Kilsyth, a high-quality industrial investment, underpinned by longstanding global tenant within a tightly held Eastern industrial precinct.
The substantial 1.76 hectare site provides an industrial facility with a total GLA of 9,239 sqm, underpinned by a lease to Atmus Filtration Technologies, a NYSE listed company, generating a net annual income of $1,224,599. The passing income is considered below current market levels and provides the ability for an incoming purchaser to take advantage of clear short-term upside via positive rental reversion on expiry of the existing lease term.
Key Investment Highlights include:
· Strong Longstanding International Tenant - Occupied by Atmus Filtration Technologies (previously Cummins) with a WALE of 2.6 years and two further options of 5 years.
· Significant Reversionary Potential – The passing income of $1,224,599 p.a. ($133/sqm) sits below current market levels, providing clear upside via short-term rental reversion.
· Modern Versatile Improvements: Fully sprinklered facility benefiting from internal clearances up to 10 metres, semi-enclosed canopy and accessed via a combination of recessed and at-grade roller doors.
· Substantial Landholding – 1.76 hectare site featuring two access points via Garden Street, excellent vehicular movement and on-site car parking.
· Highly Land Constrained Industrial Precinct - Kilsyth is a long-established, tightly held industrial precinct with one of the lowest vacancy rates in the country of just 0.4%.
· Excellent Connectivity – Located 30km East of the Melbourne CBD, benefitting from access to major arterials including Canterbury Road, Mountain Highway and Eastlink (M3) providing connectivity to wider metropolitan Melbourne.
*All figures approximate & as at 1 May 2026
The property is offered for sale via Expressions of Interest closing Thursday 26 March 2026 at 4pm (AEST).
- Eastern Melbourne
