![]() Asset Class: | Industrial |
![]() Price: | $ 1068182 |
![]() Net Yield: | 5.50 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | Off Market |
<b>High-Performing Entry-Level Investment in Prime Port Melbourne – National Tenant, Premium Fit-Out & Strategic Location</b><br><br>Positioned within one of Melbourne’s most tightly held industrial estates, 1/11 Sabre Drive presents an outstanding opportunity for investors seeking a low-risk, high-quality commercial asset. Located just 3km from the CBD and within the high-demand Port Melbourne logistics and commercial hub, this property benefits from extremely low vacancy rates and ongoing tenant demand.<br><br>Part of a well-maintained and sought-after complex, this property features a corporate-grade office fit-out, secure lease to national tenant Vivid Property Services, and immediate access to major arterial routes including the West Gate Freeway.<br><br>With industrial assets in Port Melbourne trading at significantly sharper yields just 18–24 months ago, this offering provides a rare opportunity to enter the market at a time when fundamentals remain strong, but pricing remains favourable. As a high-quality entry-level investment with secure income and built-in growth, this is an ideal asset for new and seasoned investors alike.
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
Port Melbourne, located just 4 kilometers southwest of Melbourne’s CBD, stands out as one of the most <br>central and well-connected industrial areas in the city. Its strategic location at the intersection of key <br>transport networks and its proximity to the bustling heart of Melbourne make it an unparalleled site for <br>last-mile distribution and logistics. This centrality, combined with the surrounding amenities and lifestyle benefits, positions Port Melbourne as a highly desirable location for businesses and residents alike. <br><br><b>Proximity to Key Transport Networks</b><br><br>Port Melbourne is exceptionally connected, with direct access to major transport routes, including the <br>West Gate Freeway, CityLink, and Melbourne’s port infrastructure. These connections ensure efficient <br>movement of goods across the CBD, surrounding suburbs, and greater Melbourne. The proximity to <br>Melbourne’s Tullamarine Airport and the city’s rail network further enhances its viability as a last-mile <br>logistics hub. <br><br><b>Industrial and Commercial Significance</b><br><br>Port Melbourne hosts a diverse range of industrial, commercial, and logistics operations, making it a <br>focal point for businesses requiring rapid access to Melbourne’s CBD and inner suburbs. The area <br>supports numerous industries, including manufacturing, distribution, and innovative tech startups, bolstered by the Fisherman’s Bend Urban Renewal Precinct. This transformation is creating one of Australia’s largest urban renewal projects, attracting investments and further solidifying the area’s prominence.<br> <br><b>Lifestyle Benefits of Port Melbourne</b><br><br>Beyond its industrial appeal, Port Melbourne offers significant lifestyle advantages, making it a sought after area for both businesses and their employees:<br><br>1. Proximity to the CBD and Coastal Living: Being only minutes from Melbourne’s city center, Port Melbourne balances urban convenience with access to scenic coastal amenities, including its famous beachfront and vibrant dining precincts.<br><br>2. Recreational Spaces: The area features several parks and recreational facilities, including Westgate Park and Port Melbourne Beach, offering green and outdoor spaces for relaxation.<br><br>3. High-Quality Residential Options: The nearby residential areas, including Beacon Cove and the <br>Docklands, feature modern apartments and luxurious townhouses, appealing to professionals and families alike.<br><br>4. Health and Education Infrastructure: Port Melbourne boasts excellent access to schools, healthcare facilities, and proximity to major educational institutions in Melbourne, further <br>enhancing its liability.<br><br><b>Key Features of Port Melbourne as a Last-Mile Hub:</b><br><br>Distance to Melbourne CBD: Approximately 3 kilometres southwest.<br><br>Access to Major Infrastructure: Immediate proximity to West Gate Freeway, CityLink, and Melbourne’s ports and rail systems.<br><br>Urban Renewal Projects: The Fisherman’s Bend initiative drives growth, fostering an innovative <br>business ecosystem.<br><br>Coastal Lifestyle and Vibrant Community: A perfect blend of work and lifestyle opportunities for residents and employees.<br><br><b>The Future of Port Melbourne</b><br><br>As Melbourne’s inner suburbs grow and densify, the strategic role of Port Melbourne in servicing last-mile <br>logistics becomes increasingly critical. Its unbeatable location, supported by robust transport links, a thriving industrial base, and attractive lifestyle benefits, ensures it remains a prime choice for businesses and residents seeking growth, convenience, and modern urban living.
Additional Location Information File<b>Vivid Property Services Pty Ltd</b><br><br><b>Overview:</b><br>Vivid Property Services is one of Australia’s leading providers of commercial cleaning and integrated property services. Established in 2007, the company has grown into a national operation with a trusted reputation for delivering consistent, high-quality solutions across a wide range of industries.<br><br><b>Key Facts:</b><br><br>Established: 2007<br><br>Employees: Over 2,000 vetted and trained staff<br><br>Coverage: Nationwide service network across Australia and New Zealand<br><br>Industries Served: Corporate offices, government, education, healthcare, retail, and logistics<br><br>Service Offering: Daily commercial cleaning, hygiene services, building maintenance, and integrated facility management solutions<br><br>Reputation & Stability:<br>With a strong focus on quality, reliability, and compliance, Vivid has secured long-term relationships with many of Australia’s largest and fastest-growing companies. The business is known for its professionalism, scalable service model, and commitment to creating clean, healthy workspaces.
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Rental comparison: Address | Total Size: Building (sqm) | Rent / sqm ($) 1/11 Sabre Drive, Port Melbourne | 235sqm | $250/sqm 1/40-44 Cook Street, Port Melbourne | 978sqm | $228/sqm 11 Gateway Court, Port Melbourne | 1003sqm | $240/sqm 4/22 Sabre Drive, Port Melbourne | 352sqm | $250/sqm 1/225 Ingles Street, Port Melbourne | 811sqm | $250/sqm D/250 Ingles Street, Port Melbourne | 1207sqm | $201/sqm 19 Rocklea Drive, Port Melbourne | 700sqm | $237/sqm Address | Total Size: Building (sqm) | Sale / sqm ($) 6/34 Wirraway Drive, Port Melbourne | 210sqm | $5714/sqm 3/31 Sabre Drive, Port Melbourne | 423sqm | $5721/sqm 33 Wirraway Drive, Port Melbourne | 221sqm | $5339/sqm A1/8 Rogers Street, Port Melbourne | 454sqm | $5452/sqm 15/36 Sabre Drive, Port Melbourne | 436sqm | $5298/sqm 45 Fennell Street, Port Melbourne | 296sqm | $5169/sqm 3/34 Wirraway Drive, Port Melbourne | 296sqm | $6078/sqm 1/9 Rocklea Drive, Port Melbourne | 296sqm | $5912/sqm 9A/339 Williamstown Rd, Port Melbourne | 296sqm | $5912/sqm
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<ul style="list-style-type:square;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Secure Income:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Leased to Vivid Property Services – national operator with 2,000+ staff</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Rental Growth: </b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Fixed 4% annual increases</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Tightly Held Market:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Limited industrial stock with historically low vacancy</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Past Yield Compression:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Similar assets traded in the 4-5% yield range in 2022</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Outstanding Entry-Level Asset:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Perfect for first-time or portfolio investors</span></p></li></ul><br><b>Financial Metrics</b><br><br>Purchase Price: $1,068,182<br>Net Income (Year 1): $58,750 p.a.<br>Net Yield: 5.50%<br><br>Net Rent per sqm (GLA): $250/sqm<br>Purchase Rate per sqm (GLA): $4,546/sqm<br><br><b>Property Features:</b><br><br>Building Area: 235 sqm<br>Office Fit-Out: 147 sqm of corporate-grade space over two levels<br>Zoning: Industrial 1 Zone (IN1Z)<br>Roller Door: Yes<br>Fit-Out: By landlord<br>Access: Immediate proximity to West Gate Freeway (800m)<br><br><b>Background Information</b><br><br><span style="font-weight:normal;">How old is the asset?</span><br><span style="font-weight:normal;">Around 20 years</span><br><br><span style="font-weight:normal;">Vendor's reason for selling?</span><br><span style="font-weight:normal;">Requires the cash</span><br><br><span style="font-weight:normal;">Days property been on market?</span><br><span style="font-weight:normal;">Off market</span><br><br><span style="font-weight:normal;">Is this property strata titled?</span><br><span style="font-weight:normal;">Yes</span><br><br><span style="font-weight:normal;">Are the seller and tenant related parties?</span><br><span style="font-weight:normal;">No</span><br><br><span style="font-weight:normal;">How long has the tenant been on site?</span><br><span style="font-weight:normal;">Lease commenced 15 October 2024</span><br><br><span style="font-weight:normal;">How long has the tenant been in business?</span><br><span style="font-weight:normal;">Since 2007</span><br><br><span style="font-weight:normal;">Is this property in a flood zone?</span><br><span style="font-weight:normal;">No</span><br><br><span style="font-weight:normal;">Is this lease a leaseback arrangement?</span><br><span style="font-weight:normal;">No</span><br><br><span style="font-weight:normal;">Last Sold / Price: June 22 </span><span style="color:rgb(56, 66, 74);font-weight:normal;">/ $1,292,000</span>