9.6 HECTARE LANDBANK IN ALTONA WITH HOLDING INCOME
Substantial infill land parcel of 9.6ha*
Core western location
Strategic land parcel
CBRE is pleased to offer, 441-459 Kororoit Creek Road, Altona, for sale.
The property represents a unique opportunity to acquire a substantial 9.6 ha* infill site with holding income in Melbourne’s tightly held western industrial precinct, specifically in the land constrained suburb of Altona.
The site is underpinned by high underlying land value and significant development potential (STCA). The incumbent occupiers have signed providing a semi gross passing income totaling $997,274 across two tenancies, separate heads of agreements (with leases currently in the process for being formalised), providing holding income whilst planning for the future redevelopment of the property.
441-459 Kororoit Creek Road provides solid holding income, a significant development opportunity and offers true last mile logistical advantage. It is suitable for investors, developers and occupiers with opportunities in the short and long term.
CBRE strongly recommends your consideration for this rare offering which will be sold via private sale.
To obtain a copy of the DD pack, including environmental report or to arrange an on-site inspection, please contact the CBRE team.