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Nick Scali 39 Naxos Way 220,359 SF 4-Star Industrial Building KEYSBOROUGH, VIC 3173 For Sale
Investment Highlights
- Excellent connectivity to major transport routes and Melbourne’s freight network.
- WALE of 0.9 years with strong potential for rental uplift and value-add strategies.
- Situated on a 3.64-hectare site in Melbourne’s core south-east industrial hub.
Executive Summary
39 Naxos Way, Keysborough, offers an institutional-grade investment opportunity within Melbourne’s premier south-east logistics corridor. Constructed in 2019, this modern facility spans 20,472 m² of highly functional warehouse space across two tenancies on a substantial 3.64-hectare site. The property is strategically located approximately 30 km from Melbourne’s CBD, providing exceptional connectivity to major arterial routes and key freight networks.
Currently partially leased, the asset delivers a net passing income of $1,002,101 per annum with significant upside potential through leasing the vacant space and addressing the underlet position of the existing tenancy. The property’s WALE of 0.9 years offers investors a unique opportunity to reposition and capture rental growth, with the total net market rent estimated at $3,377,880 per annum. Warehouse A is occupied by Nick Scali, a leading furniture retailer with over 100 showrooms across Australia and New Zealand, underscoring the quality of the tenant profile. Offered as part of the Melbourne Super Prime Collective or individually, this asset represents a rare chance to secure a core-plus logistics investment in a land-constrained, high-demand industrial precinct.
Currently partially leased, the asset delivers a net passing income of $1,002,101 per annum with significant upside potential through leasing the vacant space and addressing the underlet position of the existing tenancy. The property’s WALE of 0.9 years offers investors a unique opportunity to reposition and capture rental growth, with the total net market rent estimated at $3,377,880 per annum. Warehouse A is occupied by Nick Scali, a leading furniture retailer with over 100 showrooms across Australia and New Zealand, underscoring the quality of the tenant profile. Offered as part of the Melbourne Super Prime Collective or individually, this asset represents a rare chance to secure a core-plus logistics investment in a land-constrained, high-demand industrial precinct.
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2019 |
| Property Subtype | Distribution | Tenancy | Single |
| Building Class | A | Parking Ratio | 0.36/1,000 SF |
| Lot Size | 9.10 AC | No. Dock-High Doors/Loading | 5 |
| Rentable Building Area | 220,359 SF | No. Drive In / Grade-Level Doors | 11 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | A |
| Lot Size | 9.10 AC |
| Rentable Building Area | 220,359 SF |
| No. Stories | 1 |
| Year Built | 2019 |
| Tenancy | Single |
| Parking Ratio | 0.36/1,000 SF |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 11 |
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Nick Scali | 39 Naxos Way
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