Why we chose it: Enjoying over 220 metres of frontage to busy Frankston-Dandenong Road, this 6.65-hectare industrially-zoned site is positioned strategically within Melbourne’s Southeast.
Our process: Jointly acquired by Brix Property Group and Costa Asset Management, the town planning application focuses on subdividing the site into industrial land lots, with a component of the site retained and built out by the two groups.
The outcome: With an extremely limited future supply of industrial land left, particularly in the sought-after bayside suburbs, this coveted location enjoys some of the lowest vacancy rates amongst industrial properties.
Property Type: Industrial
Site Area: 6.65 Ha
End Value: TBC