Melbourne, 6 May 2014 – CBRE has been appointed to sell a gateway development site in Victoria’s renowned wine region, the Yarra Valley.
The 1,029sqm property, located at 4 Bell Street, benefits from a high profile position with vast frontage onto two major thoroughfares in the heart of Yarra Glen – the gateway to Melbourne’s Yarra Valley.
CBRE’s Paul Tzamalis and Jamus Campbell are selling the property via an Expressions of Interest campaign closing May 28 at 3.00pm.
Mr Tzamalis said the site’s strategic position in the heart of one of Australia’s most esteemed wine regions would be a key selling factor.
“This property represents a unique opportunity for an astute business owner or developer to undertake a key development in a busy tourist destination, and to take advantage of the high volume of traffic passing through every day,” Mr Tzamalis said.
“In the right hands, this developable property could set a new benchmark for the area.”
The site currently comprises one commercial building, which formerly operated as a restaurant, as well as several onsite car parks.
Yarra Glen is located approximately 16km south of Healesville, 36km east of Bundoora and 17km north-west from Lilydale.
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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 (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.au.
