15-33 Alfred Street, Blackburn, Vic 3130

JLL and Knight Frank are pleased to offer for sale a 100% freehold interest in 15-33 Alfred Street, Blackburn, a land-rich, multi-tenanted, last mile logistics estate positioned within Melbourne’s tightly held Inner East.

Improved with two freestanding buildings on an expansive 41,460 sqm* site, providing a total GLA of 22,639 sqm*. The rear office warehouse facility is configured into three tenancies and a purpose-built rock-climbing facility constructed in 2022 occupies the front of the site together with a large at-grade carpark. 

Property Highlights:
+ The site represents one of the largest industrial-zoned landholdings in Melbourne’s Inner Eastern precinct.
+ Net passing income of $3,401,960 p.a. ($150/sqm GLA), from tenants Anglican Aged Care, CoolDrive Auto Parts, Allegion Australia and Urban Climb.
+ Urban Climb is secured on a lease through to May 2032, with a further 10 year option, underwriting income through any progressive repositioning of the shorter-WALE industrial tenancies.
+ Prominent last mile location positioned with access to nearly one million households within an hour’s drive.
+ Significant value-add potential with the asset’s staggered lease profile, expansive car parking and flexible building configuration.
+ Assessed rental reversion upside of 19%*, providing strong rental growth over the medium term.

15-33 Alfred Street, Blackburn is offered for sale via an Expressions of Interest campaign closing 3:00pm (AEDT) Monday, 9 November 2026.

*Approx