Industria Nunawading, 39 Norcal Road, Nunawading, Vic 3131

CBRE is pleased to offer to market ‘Industria Nunawading’ located at 39 Norcal Road, Nunawading VIC for sale via Expressions of Interest as part of National Investment Portfolio 188.
 
The property has the following key investment highlights:
 
+ Irreplaceable income diversity with 7 tenants across 10 tenancies on renewed, long term leases.
+ Constructed in 2019 by renowned developer ‘Wilmac’ providing significant tax saving depreciation benefits.
+ Well-known ground floor café/restaurant ‘Mr Robertson’ recently renewed 12 Year lease term to September 2038.
+ Prime 1,144sqm* ‘front of estate’ commercial building featuring class leading amenities including lift access, disabled access, swipe-scan entry system, end of trip facilities, bathrooms to every floor and allocated on-site parking (37 car spaces).
+ Landlord-favourable net leases with fixed, compounding 3% & 3.5% annual rent increases ensuring continued income growth.
+ High quality, tenant funded fit-outs with staggered lease expiries provides defensive income with no potential for sudden income loss.
+ Located directly opposite Tunstall Village, a permitted development of 173 townhouses and 180 apartments further driving residential and industrial growth (2).
+ Multiple tenants on renewed leases further re-enforcing their commitment to the building and the strength of the offering with very low levels of local competition.
+ 800m* to Nunawading Train Station/Springvale Road, 300m* to major bus stop, and just 2.6km* from Eastlink.
+ Moments to Nunawading's 'Golden Mile' located on Whitehorse Road/Maroondah Highway featuring Bunnings, JB Hi-Fi, The Good Guys, Harvey Norman, Toyota, Mitsubishi, Repco, Petbarn, Freedom plus many, many more. 
+ Nunawading: affluent and booming Melbourne suburb located 18km* east of the Melbourne CBD with a median house price of $1,201,000 (3).
+ City of Whitehorse: home to 183,462* residents, 19,243* local businesses and 87,988* jobs.
+ Net Income: $359,605 pa* + GST (at October 2026)
 
To be sold via Expressions of Interest
Closing 2pm AEST Wednesday 28 October 2026
 
Please contact the exclusively appointed agents for more information.
 
DAVID NAPOLEONE
0417 308 067
David.Napoleone@cbre.com
 
JIMMY TAT
0439 399 188
Jimmy.Tat@cbre.com
 
MARK FOSTER
0475 454 431
Mark.Foster3@cbre.com
 
*Approx
(2) Tunstallvillage.com.au
(3) Realestate.com.au