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441-459 Kororoit Creek Road Altona VIC 3018

  • Industrial / Warehouse
  • Floor Size16,221 m²
  • PriceFor 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.

Property Highlights

Property ID2015329998
Floor Area16,221 m²
Land Area9.6 ha
ParkingAsk Agent
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  7 Aug 2019
Map for 441-459 Kororoit Creek Road Altona VIC 3018
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000

Ask Harry Kalaitzis about this property

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