A Wingfield warehouse property with future development and subdivision potential is being offered for sale via CBRE.
The 10 Millers Road property is located between Millers Road and Staite Street
The main warehouse of 1,100sqm has a clearance height of more than 7 metres and is well orientated for heavy vehicles to drive through the building for repair, maintenance or unloading. It also has rails in place for the fitment of gantry cranes.
CBRE Associate Director Jon Nitschke said; “The improvements are very well orientated on the site leaving ample space for laydown yard at the side and rear of the building. The dual street access also ensures none of the land is wasted for vehicle turning and offers excellent value at this price point.”
Price expectations are in the mid $1m’s, with the property being offered for sale by Private Treaty.
Mr Nitschke noted that the property’s future upside potential would be one of the draw cards for prospective purchasers.
“The building could be extended or further developed at a later stage, or the 5,574sqm site offers subdivision potential given that is comprises of six separate allotments,” Mr Nitschke said.
The 10 Millers Road property is located between Millers Road and Staite Street
The main warehouse of 1,100sqm has a clearance height of more than 7 metres and is well orientated for heavy vehicles to drive through the building for repair, maintenance or unloading. It also has rails in place for the fitment of gantry cranes.
CBRE Associate Director Jon Nitschke said; “The improvements are very well orientated on the site leaving ample space for laydown yard at the side and rear of the building. The dual street access also ensures none of the land is wasted for vehicle turning and offers excellent value at this price point.”
Price expectations are in the mid $1m’s, with the property being offered for sale by Private Treaty.
Mr Nitschke noted that the property’s future upside potential would be one of the draw cards for prospective purchasers.
“The building could be extended or further developed at a later stage, or the 5,574sqm site offers subdivision potential given that is comprises of six separate allotments,” Mr Nitschke said.
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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 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.
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 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.
