Cushman & Wakefield and CBRE are excited to offer 1-5 Siddons Way, Hallam for sale. This flexible industrial facility is leased to Packcentre and is underpinned by a 9.7 year remaining lease term.
Key Highlights:
- Net passing rent of $1,690,000 per annum with fixed annual reviews of 3%
- Secure remaining lease term of 9.7 years with annual CPI increases annually
- Situated within one of Australia's most recognised industrial sub-markets
- Underpinned by a national covenant in Packcentre who operate from all major Australian capital cities
- Heavily embedded tenant, secured by long term lease & significant tenant owned infrastructure within the building
Property Features:
- GLA: 9,380 sqm
- Site area: 15,530 sqm (1.5 ha)
- Clearance: 9.0m to 11.2m
Hallam is a well-established industrial suburb within Melbourne's highly sought after south-east growth corridor, located approximately 33 km from the Melbourne CBD. The precinct supports a broad and diversified occupier base, encompassing manufacturing, engineering, logistics, warehousing and transport operations.
The tenant, Packcentre, is an Australian owned company that provides packaging solutions for commercial and industrial clients and was founded in 1984. Packcentre operates in a variety of industrial and specialises in the distribution of protective and consumable packaging products.
The opportunity is part of the "Tri-State Portfolio" comprising two additional facilities in Regency Park, SA and Lisarow, NSW. It is being offered via an Expressions of Interest Campaign closing Tuesday 24th March 2026 at 3pm (AEDT). The assets will be available for sale individually on in-one-line.
- South East Melbourne