441-459 Kororoit Creek Road Altona VIC 3018
- Industrial / Warehouse
- 16,221 m²
- For Sale, Contact Agent
9.6 HECTARE LANDBANK IN ALTONA WITH HOLDING INCOME
- Substantial infill land parcel of 9.6 ha
- Core western location
- Strategic land parcel
CBRE is pleased to offer for sale 441-459 Kororoit Creek Road, Altona.
The property represents a unique opportunity to acquire a substantial 9.6 hectare infill site with holding income in Melbournes tightly held western industrial precinct, specifically in the land constrained suburb of Altona.
The site is underpinned by high underlying land value and significant development potential (STCA). The incumbent occupiers have signed providing a semi gross passing income totaling $997,274 across two tenancies, separate heads of agreements (with leases currently in the process for being formalised), providing holding income whilst planning for the future redevelopment of the property.
441-459 Kororoit Creek Road provides solid holding income, a significant development opportunity and offers true last mile logistical advantage. It is suitable for investors, developers and occupiers with opportunities in the short and long term.
CBRE strongly recommends your consideration for this rare offering which will be sold via private sale.
Please call one of the marketing agents to obtain a copy of the DD pack, including environmental report.
All figures approximate.
|Floor Area||16,221 m²|
|Land Area||9.6 ha|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||7 Aug 2019|