01/12/2025
Secure Industrial Asset at 115 Dohertys Road, Altona North Sold Prior to Public Auction
MELBOURNE, [2 December 2025] – A highly sought-after industrial investment property located at 115 Dohertys Road, Altona North, has been sold prior to its scheduled public auction. A strong yield of circa 4.6% underscores the depth of market confidence in Melbourne's inner-west industrial precinct supported by the enduring appeal of securely leased assets.
The property, an approximately 700 sqm factory, warehouse, and industrial facility, was marketed as a prime 'set-and-forget' investment opportunity due to its existing, long-term lease to a national tenant. The lease agreement extends until 2031 and includes fixed annual rent increases, offering the buyer long-term financial stability and peace of mind.
Key highlights of the property include:
Secure Tenancy: A trusted, national tenant is locked into a long-term lease until 2031.
Strategic Location: Positioned within the established inner-west industrial hub, the site boasts exceptional connectivity to major logistical routes, including the West Gate Freeway, Princes Freeway, and Western Ring Road.
Future Flexibility: Zoned "Special Use Zone," the property supports a broad range of potential future uses, adding significant long-term value and development upside for the new owner.
The sale prior to auction reflects the current robust demand competing for high-quality industrial property investments in strategic Melbourne locations.
The sale was brokered by agents X Commercial, with Steven Messina, Nick Bourke, and Joel Wald handling the transaction.
About X Commercial:
X Commercial has become Australia’s fastest growing commercial real estate network, growing to ten offices nationally since 2021, expanding our reach and resources into a leading commercial real estate network.
Agent Contact:
Joel Wald: 0412 352 252
Steven Messina: 0412 035 176
Nick Bourke: 0419 516 860
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