A well-known car dealership spanning more than two hectares in Melbourne’s south east is being offered to the market.
CBRE’s David Aiello and Stephen Adgemis have been appointed to market for sale the home of Melbourne’s Cheapest Cars, located at 648 South Road, Moorabbin.
Located in the tightly held industrial/commercial precinct on the corner of South and Bignall Roads, the property comprises 5,516sqm of building/canopy area on a 2.1ha site. It features 150m frontage to South Road, as well as two street crossovers on Bignell Road.
Mr Aiello said the property represented a unique infill opportunity with main road exposure in Melbourne’s prestigious Bayside precinct.
“The opportunity to secure a substantial footprint in the highly sought after suburb of Moorabbin is expected to attract strong buyer interest from a variety of groups, including owner occupiers and developers,” Mr Aiello said.
The property is ideally suited to a range of uses, including industrial strata development or automotive/caravan sales, equipment hire, trade sales and bulky goods (STCA) – and sits within a substantial residential catchment with access to a highly skilled workforce.
The property is being offered for sale with vacant possession via an Expressions of Interest campaign closing Thursday, November 29 at 4.00pm (AEST).
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), 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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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 at www.cbre.com.