11,600sqm ‘Super Site’ Adjoining Bunnings | Short Term Leases – Ripe For Development

1059 - 1065 Western Highway , Ravenhall VIC

Property Highlights

Significant 158m Combined Frontage
Flexible Industrial 3 Zoning
Holding Income - Bursons Auto & More

Description

Burgess Rawson are delighted to exclusively present to market 1059 – 1065 Western Highway & 14 & 14B Rebecca Drive, Ravenhall (Caroline Springs) VIC for sale via Expressions of Interest Closing Tuesday 9 April 2024 at 4pm.

This opportunity has the following key highlights:

+ Generational opportunity to purchase a rare 11,600sqm* landholding in a tightly held Large Format Retail and Industrial precinct.
+ Flexible Industrial 3 Zoning combined with low site coverage of 8% suits significant LFR and/or light industrial development.
+ Significant 158 metres* dual frontage to Western Highway (Ballarat Road) with 48,480 vehicles passing and Rebecca Drive.
+ Underpinned by relatively short term leases to well-established and longstanding tenants, Burson Auto Parts, Ace Mechanical Repairs, Great Escape Caravans and C&A Towing providing valuable holding income.
+ Strategic Location: Neighbouring Bunnings and adjacent to Burnside Hub Shopping Centre (Coles, Aldi + 18 specialty stores), Burnside Park Hub (Guzman Y Gomez, JB Hi Fi, Baby Bunting and more) and Westsprings Central (28 specialty stores).
+ Strong Development Precedent: surrounded by recently completed LFR and proposed LFR & QSR development.
+ Unparalleled transport access via Western Highway directly linking to the Western Freeway and Western Ring Road.
+ Only 1.2 kilometres* from Caroline Springs Railway Station and 4 kilometres* from Victoria University (St Albans Campus).
+ City of Melton: Australia’s fastest growing LGA, home to 217,242 people, with this figure anticipated to surge to 440,142 by 2051, an increase in 102%.**
+ Opportunity for developers, owner occupiers & or investors to take advantage of extremely low industrial vacancy rates (1.2%)*** and record high rental growth.

For Sale via Expressions of Interest Closing 4pm Tuesday 9 April 2024.

For further information, please contact Burgess Rawson.

*Approx
**Forecast.id
***Urban Property Australia

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Development Site
Land Size
11,600 SQM
Building Area
940 SQM

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