CBRE has been appointed to market Nissan’s Melbourne headquarters - spanning more than 11ha in the sought after industrial suburb of Dandenong South.
Located at 260-270 Frankston Dandenong Road, the 11.42ha property is made up of two titles that currently accommodate Nissan’s corporate office and warehousing operations.
260-270 Frankston-Dandenong Road consists of a 2.68ha corner site featuring a modern two-storey office building with 4,846sqm net lettable area. 8-22 Quality Drive comprises three separate warehouse facilities with a total building area of 27,584sqm – which includes a self-contained training centre with automotive workshop totalling 2,418sqm.
The combined properties, which feature more than 0.7km of street frontage to Frankston-Dandenong Road and Quality Drive, offer a landmark “infill” development opportunity in Melbourne’s south east.
CBRE’s David Aiello and Stephen Adgemis who have been appointed to sell the property on behalf of Nissan, say the proposed sale represents a rare opportunity in the Melbourne market.
“This substantial property offers the largest brownfield opportunity currently on offer in Melbourne’s south-east industrial market – a sector starved of serviced development sites, as well as owner occupier options over five hectares,” Mr Adgemis said.
“With only 28% of the site utilised in its current form, there is a huge opportunity to further capitalise on its position through value-add or expansion possibilities.”
Mr Aiello said the property’s prime position in Dandenong South would attract buyer interest from a range of groups.
“Dandenong South is very tightly held, with major landowners choosing to retain their inventories for prelease requirements, existing customers or speculative development. This will no doubt drive greater interest in this property given the potential it holds for this market,” Mr Aiello explained.
The property, which also offers a myriad of subdivision options, is located approximately 5km south of the Dandenong CBD and retail centre – positioning future occupiers within a large employee or workforce catchment area.
The property is being offered for via a Public Expressions of Interest campaign closing Thursday 1st June 2017,
For Australian/international news or global stories, follow us on Twitter: @cbreaustralia
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the
world’s largest commercial real estate services and investment firm (based on 2016 revenue). The Company
has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through
more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services,
including facilities, transaction and project management; property management; investment management; appraisal
and valuation; property leasing; strategic consulting; property sales; mortgage services and development
services. Please visit our website atwww.cbre.com.