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3-9 Milla Way 1,270 SF Industrial Condo Unit Offered at $397,785 in Altona, VIC 3018
Investment Highlights
- Two-story commercial building featuring open plan areas on both floors.
- Accessible position within an established industrial zone near key arterials.
- Stairwell connection providing functional movement between ground and first floors.
Executive Summary
The property at 3–9 Milla Way is situated within the Hobsons Bay municipality in Altona, forming part of a low-rise commercial and light industrial precinct. It comprises multiple structures designed for office and showroom use, extending across two levels in some sections. The combined improvements feature internally partitioned and open-plan areas, finished with standard commercial fittings, along with kitchen and restroom facilities. The flooring is configured to accommodate administrative and consulting functions, with internal stair access between levels. Climate control systems are present, and natural light is incorporated through window placement across the façades. On-site car parking is provided to support staff and visitor access. The property is positioned close to arterial routes, including Grieve Parade and the Princes Freeway, linking the location to major freight corridors and the Melbourne CBD. Public transport options are also available in the surrounding area, contributing to overall connectivity.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 7 | 1,270 SF | Industrial | $397,785 ($313.22/SF) | - |
Unit 7
| Unit Size |
| 1,270 SF |
| Condo Use |
| Industrial |
| Price |
| $397,785 ($313.22/SF) |
| NOI |
| - |
Unit 7
| Unit Size | 1,270 SF |
| Condo Use | Industrial |
| Price | $397,785 ($313.22/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| The property is part of an industrial zoned area with individual title ownership, not a multi-occupancy building. It consists of a two-level office building with allocated car spaces on-site. The structure includes a ground floor and an upper floor connected internally by a stairwell, forming a singular occupancy layout designed for business or consulting use.</li></ul> | |
| Sale Notes | |
| The property is offered for sale with vacant possession, allowing immediate occupation or customization by an incoming purchaser. The vendor is providing accommodating settlement terms to suit prospective buyers. There is a record of a previous tenancy spanning five years, generating rental income of approximately $38,000 per annum plus outgoings, which reflects its leasing potential. The current zoning is Industrial 1, supporting a range of permissible commercial activities.</li></ul> |
Property Facts
| Total Building Size | 6,448 SF | Floors | 2 |
| Property Type | Office (Condo) | Typical Floor Size | 3,218 SF |
| Building Class | C | Lot Size | 0.09 AC |
| Total Building Size | 6,448 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 3,218 SF |
| Lot Size | 0.09 AC |
Amenities
- 24 Hour Access
- Kitchen
- Central Heating
- Demised WC facilities
- Natural Light
- Open-Plan
- Partitioned Offices
- Air Conditioning
Presented by
Midway Commercial Industrial
3-9 Milla Way
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