441-459 Kororoit Creek Road, Altona, VIC 3018

Industrial | Development/Land

For Sale Contact Agent

  • Property ID: 336577
  • Floor Area: 16221m²
  • Land Area: 96300m²
  • Occupancy: Vacant
  • NBN Availability: Build Commenced
  • Cafes: 20+ nearby
9.6 HECTARE LANDBANK IN ALTONA WITH HOLDING INCOME

CBRE is pleased to offer for sale via a private placement Expression of Interest 441-459 Kororoit Creek Road, Altona.
The property represents a unique opportunity to acquire a substantial 9.6 hectare 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 a private placement Expressions of Interest closing Thursday 27 June at 4:00pm AEST.
Please call one of the marketing agents to obtain a copy of the DD pack, including environmental report.
All figures approximate.

Altona Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $590 ---
Industrial $1909 --- ---
Retail --- $593 ---
This is the average advertised price, rent and yield for Altona, VIC 3018*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Agency Details

CBRE Melbourne

Level 34, 8 Exhibition Street, Melbourne, VIC 3000

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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Cafes - Number of cafes located within 500 metres of 441-459 Kororoit Creek Road, Altona, VIC 3018. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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