A PROMISING FUTURE FOR GROWTH

The data on land values, rental rates and vacancies continues to be working in the favour of purchasers, with rental rates increasing and vacancies dropping.

1. Land values - Unprecedented demand for land continues through Melbourne’s Western region, with more than 100 hectares of industrial land sold since the start of 2018 (Knight Frank, Melbourne Western Industrial Report Q3 2018)

2. Rental vacancies - Rental Vacancies are continuing to fall for the third consecutive quarter.

3. Rental Rates – There has been a recent increase in rental rates for industrial buildings between 200-800m2. After years of stagnation, Prime industrial rents in the West have risen by 9.33% over the past two years to $82/sqm, driven by strong tenant demand. This increasing trend is likely to continue as developers pass the cost of construction and land prices in the form of higher rents.

4. Lack of supply - Prompted by a lack of industrial land and an unprecedented rise in prices, developers are scrambling to purchase land in fear of missing out, with a distinct lack of sub 5000sqm sites available.

5. Yields - Given the quality of the product at MODE Business Park the yields will comfortably reach between the 6.00% - 6.25% range.

THE CONVENIENCE OF LOCATION

The convenience of MODE’S location grants it quick access to the major freeways and a short journey into the Central Business District and Melbourne Airport.

MODE Business Park is situated within the established West Park Industrial Park and among high profile neighbouring tenants Goodyear, Isuzu, Mercedes Benz, Mazda, Chrysler Jeep, DB Schenker and Bonds.

INVEST TODAY

From the outside in, MODE is a step above the standard industrial park. Set on an enormous block, each warehouse is a diverse, multi-use space.

Now is a great time to secure a prime property and take advantage of favourable growth conditions in the area.

Prices start from 1.75 Cr with 6 % rental guarantee for two years