Cushman & Wakefield in conjunction with CBRE are pleased to offer for sale, 39 Naxos Way, Keysborough forming part of the Melbourne Super Prime Collective. The property is available for sale individually or as part of the Portfolio in-one-line via Expressions of Interest closing at 4:00pm (AEST) Thursday, 7th May 2026.
Key highlights:
- Modern warehouse split into two tenancies with a total GLA of 20,472 sqm constructed in 2019
- Highly functional and efficient super prime grade logistics warehousing
- Total Site Area of 36,440 sqm within Keysborough, a core industrial and logistics precinct in Melbourne's south east
- Located approximately 30 km south east of Melbourne's CBD
- Industrial 1 zoning
- WALE (by income) of 0.9 years
- Net Passing Rent of $1,002,101 p.a ($108/sqm)*
- Ability to capture rental upside via leasing the vacancy at Warehouse B and underlet position of Warehouse A
- Total Net Market Rent of $3,377,880 p.a ($165 p/sqm)
- Warehouse A is occupied by Nick Scali, a well known furniture retailer with 100+ showrooms across Australia & New Zealand
39 Naxos Way, Keysborough forms part of the Melbourne Super Prime Collective consisting of five institutional grade opportunities located within key strategic precincts across Melbourne's West and South East. The properties are offered for sale via Expressions of Interest closing at 4:00pm (AEST) Thursday, 7th May 2026. For further information, please contact the selling agents.
*Net Passing Rent reflected does not factor in the outgoings leakage on the current vacancy. When factoring in the outgoings leakage from the current vacancy, this equates to $446,760 p.a. ($22/sqm).
- South East Melbourne