5-7 Cromwell Parade, West Footscray, VIC 3012

Industrial | Showrooms | Offices

For Sale Contact the Stonebridge Team

Auction: Thursday, Dec 5, 12:30 PM

  • Property ID: 450084
  • Floor Area: 1800m²
  • Land Area: 1393m²
  • Occupancy: Vacant
1,393 sqm* Inner-Metro Industrial Freehold Plus Food Processing Improvements

Asking Price: $2,000,000

Stonebridge Property Group is pleased to present for sale, 5-7 Cromwell Parade, West Footscray.

5-7 Cromwell Parade, West Footscray, is a substantial industrial building and landholding within close proximity to the Geelong Road/ Princess Hwy.

The property boasts a total building area of 1,800 sqm* which a large majority is highly flexible warehouse / manufacturing space plus a first-floor office.

Key highlights of the opportunity include:

- Existing improvements comprise a multi-functional 1,800 sqm* warehouse/office complete with 4 x high-clearance roller doors and 2 x separate pedestrian access points

- Substantial 1,393 sqm* landholding zoned Industrial 1 (IN1Z), allowing for uses including but not limited to office, industrial, retail and other commercial uses (STCA)

- Expansive street presence with a frontage of 30.5 m* to Cromwell Parade with multiple truck crossovers for ease of loading

- Large loading bay capable of accommodating 2 trucks, along with impressive food processing improvements, including cool rooms, climate-controlled grow rooms, 8 x stainless water tanks, open-plan food processing floor, and 3-phase electricity

- Offered with a short-term lease, providing flexibility for owner-occupiers, investors and value-add developers

- Noting the food processing improvements the building is perfect for food manufacturing, processing, warehouse, office/showroom, packaging and/or many other uses (STCA)

- Located in the tightly held West Footscray industrial precinct, with no other industrial opportunities on the market as of October 2024

- Situated in the highly active western end of West Footscray, with immediate access to Tottenham Station (1.5 km*), Hungry Jack's Burgers (1 km*), Le Mans Toyota (450 m*), $1.5B New Footscray Hospital (3.7 km*), and Central West Shopping Centre (2.2 km*) including ALDI, Coles, BWS and Coffee House

- Strategically connected to the Melbourne CBD (7.5 km*) and surrounding suburbs via Geelong Road/ Princess Hwy (100 m*), plus immediate access to major transport arterials Somerville Road (150 m*) and West Gate Fwy (2.2 km*)

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Max Warren
0488 296 892

Dylan Kilner
0459 396 341

Chao Zhang ??
0411 625 068

*Approximately

Property Code: 1126

West Footscray Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $72 ---
Industrial --- $185 ---
Offices $1720 $83 4.83%
This is the average advertised price, rent and yield for West Footscray, VIC 3012*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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.

Property Detail Notes:

  • 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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