Lemon Baxter, is excited to announce the sale of 440 Princes Highway Noble Park, a high-quality warehouse facility comprising 13,502m2* of Gross Lettable Area (GLA).
The property is currently leased to Oji Fibre Solutions (Aus) Pty Ltd, one of Australasia’s leading manufacturers of pulp, paper, and wood-fibre based packaging solutions, making it a lucrative investment opportunity.
Strategically located on the prominent Princes Highway, just moments from major arterials. Eastlink and Monash Freeway. The site boasts a prime location in the thriving Noble Park vicinity. Its Commercial 2 Zone (C2Z) zoning and accessibility to major arterials make it a highly desirable commercial location. The property is further enhanced by its proximity to local amenity including major food retailers, parklands, and Noble Park Train Station.
The property features a purpose-built design that provides high-quality office/warehouse facilities to accommodate different functions. With a generous GLA of 13,502m2*, the 19,340m2 site includes ground floor office space of 592m2*, first floor office area of 721m2*, mezzanine level of 338m2*, and warehouses (1-3) offering a vast area of 12,189m2*.
The property also includes 52 basement car parks, ensuring ample parking space for employees and customers.
Oji Fibre Solutions, the tenant of the property, has signed a new 4.5-year from January 2023 with an annual rental income of $986,946.48 plus GST, demonstrating Oji’s long-term commitment to the property and highlighting its reliability as a secure investment opportunity.
Lemon Baxter Managing Director, Paul O’Sullivan says, “A site like this doesn’t come along very often. 440 Princes Highway Noble Park is one of those rare investment opportunities given its prime location, high-quality facilities, and long-term lease with a multi national tenant.”
“This property offers investors a chance to secure a lucrative investment in a thriving commercial area, and we are expecting keen interest in this site,” he added.
“Given the lack of industrial parcels this site ticks all the boxes for the investor, owner occupier or savvy developer,” said Paul.
440 Princes Highway Noble Park is being offered for sale via Expression of Interest, closing on Wednesday, May 24, 2023, at midday. For more information or to arrange an inspection, please contact Lemon Baxter is the exclusive selling agents with Paul O’Sullivan and Chris Chartres leading the campaign.