Property Details for 10 Allied Dr, Tullamarine
Last Listing description (June 2022)
Tullamarine Industrial - Land + Income
Nichols Crowder has the pleasure of selling 2 - 10 Allied Drive, Tullamarine for the first time since it was developed in 1989. Buildings for industrial purchasers in Tullamarine remain limited, however properties with rental income and additional land are extremely rare.
The prominent corner location ensures maximum exposure while the two street frontages provide excellent connectivity to the freeway network.
Proximity to the Melbourne Airport business park ensures the location will remain in demand. The potential for last mile logistics in this location is excellent and cannot not be understated.
Sharps Road connects the property with Melrose Drive, Airport Drive and Keilor Park Drive, providing multiple access points to the Tullamarine Freeway, Western Ring Road and Calder Highway.
PROPERTY FEATURES:
* Total building area: 1,440sqm*
* Total land area: 6,323sqm*
* 23% site coverage
* Industrial zone 1
* Frontage to Allied Drive: 125m*
2 - 10 Allied Drive, Tullamarine was developed for a single occupier but now operates as two (2) separate tenancies areas:
FRONT TENANCY: SHOWROOM / OFFICE
* Christian Outreach Church
* Total building area: 807sqm*
* Twenty eight (28) car spaces
* Annual rental: $74,193.48 p.a. + GST & outgoings
* Security deposit: equal to three (3) months' rent + GST
* Five (5) year lease commencing 1st March 2022
* Option for one (1) further term of five (5) years
* 3% fixed annual increases
* Market review at exercise of option for a further term
REAR TENANCY: FACTORY + YARD
* Vacant possession
* Total building area: 633sqm*
* Single roller door
* Warehouse clearance at ridge beam: 6.4m*
* 40 kilowatt/148 panel roof mounted solar array
* Yard storage: 1,607sqm*
For further details or to arrange an inspection please contact:
Adrian Garvey 0419 549 951
OPEN FOR INSPECTIONS:
Tuesday 17th May: 12:00pm - 12:45pm
Thursday 19th May: 12:00pm - 12:45pm
Tuesday 24th May: 12:00pm - 12:45pm
Thursday 26th May: 12:00pm - 12:45pm
Tuesday 31st May: 12:00pm - 12:45pm
Thursday 2nd June: 12:00pm - 12:45pm
Tuesday 7th June: 12:00pm - 12:45pm
Thursday 9th June: 11:00am - 12:00pm
PLEASE NOTE:
* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited
Property History for 10 Allied Dr, Tullamarine, VIC 3043
- 09 Jun 2022Sold - Price Undisclosed
- 16 May 2022Listed for Sale Contact Agent
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About Tullamarine 3043
The size of Tullamarine is approximately 7.5 square kilometres. There are 10 parks, covering nearly 3.4% of the total area. The population of Tullamarine in 2016 was 6605 people. By 2021 the population was 6733 showing a population growth of 1.9% in the area during that time. The predominant age group in Tullamarine is 30-39 years. Households in Tullamarine are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tullamarine work in a clerical occupation.In 2021, 62.10% of the homes in Tullamarine were owner-occupied compared with 62.40% in 2016.
Tullamarine has 5,949 properties. Over the last 5 years, Houses in Tullamarine have seen a 17.84% increase in median value, while Units have seen a 13.34% increase. As at 30 June 2026:
- The median value for Houses in Tullamarine is $817,206 while the median value for Units is $570,196.
- Houses have a median rent of $593 while Units have a median rent of $550.
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