Colliers is pleased to offer this remarkable Mixed-Use site with substantial improvements for sale by Expressions of Interest closing Thursday 7th April at 3pm.
Situated in Melbourne's Eastern corridor, the site offers future residents and occupiers the ultimate connectivity and convenience with exceptional transport linkages, strong exposure to Wellington Road and the convenience of Waverley Gardens Shopping and Australia's leading Health & Technology precinct nearby.
With a number of options available to develop, invest or land bank in a substantially growing precinct 634-636 Wellington Road, Mulgrave is an excellent proposition on all fronts.
Key features are below:
- Flexible Mixed-Use zoning that encourages development of a variety of uses including residential development.
- Total land area of 16,870m²*
- Expansive frontage to Wellington Road of 67m*
- Significant improvements on site with a total building area of 9,750m²* comprising 2,008m²* of office and 7,742m²* of warehouse with 143 car parks.
- The building is currently 100% leased to one tenant and is returning $878,718 p.a*
- Elevated site with spectacular potential for eastern view lines to the Dandenong Ranges from any future development.
- Situated in a rapidly growing area that is undergoing unprecedented growth thanks to both private and public sector investment in the area including the ongoing development of the Monash NEIC, the Victoria Heart Hospital and the Continued expansion of Monash University.
For further information, please contact the exclusive selling agents at Colliers.
Jonathan Mercuri
0401 693 450
Hamish Burgess
0421 641 497
Ted Dwyer
0411 312 165
*denotes approximately
