9 Fellowes Court

Tullamarine VIC 3043

Key details of the opportunity include:
Near term lease of 2.3 years (by income) with no further options enabling significant rental reversion, or a strategic future play for owner occupiers to enter the Tullamarine market.
Passing annual net rental of $610,860 ($150 /m 2 ) is considered approximately 9% below market.
The current improvements provide highly functional office warehouse facilities, benefitting from recessed loading docks and recent refurbishments.
The asset boasts excellent infill characteristics and the potential to expand (STCA) in an otherwise land-constrained location creating significant future value upside.
Record low vacancy level of less than 1% across the North has remained underpinned by continued strong occupier demand and rental growth in excess of 20% over the last 12 months.

9 Fellowes Court, Tullamarine is being sold via an International Expressions of Interest Closing at 4pm Wednesday 6 September (AEST).

*Approx.

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.