Primed for Development/Expansion (STCA) | Gateway Metro Melbourne Location

531-533 Geelong Road & 432 Francis Street , Brooklyn VIC

Property Highlights

9,782sqm site with dual access
Short term lease
Future value-add/development potential

Description

Burgess Rawson and Savills are pleased to offer to the market 531-533 Geelong Road (Princes Highway) & 432 Francis Street (Docklands Highway), Brooklyn VIC for sale via our Expressions of Interest campaign closing 3:00pm (AEST) on the 11th of April 2024.

The property is strategically located in the inner-western industrial area of Brooklyn, approximately 9km* west from Melbourne CBD. The site has exceptional connectivity including direct access to the West Gate Freeway via Millers Road an immediate access to Geelong Road. Additionally, major arterials Princes Freeway and Western Ring Road are within 4km.

The opportunity has the following key highlights:
+ Prominent 9,782sqm* Industrial 1 Zoned site, within inner western Melbourne.
+ Short term lease to August 2024, suiting owner occupiers and developers.
+ Important and strategic inner city industrial precinct set to flourish on completion of major roads projects as part of Victoria’s Big Build.
+ Prized infill land holding with low site coverage, providing both value-add and development potential.
+ Boasting two standalone warehouses totalling 3,250sqm* offering flexibly for prospective purchasers.
+ Dual street frontages to both Princes Highway (Geelong Rd) and Docklands Highway (Francis St) providing both exposure and access.
+ Gateway location with access to West Gate Freeway, Princes Highway, Western Ring Road, CityLink, the National Rail Line, as well as the ports and airports of Melbourne and Avalon.
+ West Gate Tunnel Project: $10.2 Billion project will help carry over 200,000 vehicles who use the West Gate Bridge every day, while also taking over 9,000 trucks off local streets (1).
+ Surrounded by major industrial infrastructure, with the $220 million Stockland Distribution Centre (2) and the $150 million Microsoft Data Centre (3) within 300 metres*, underlining the importance of the location.
+ Brooklyn: Highly sought-after and established industrial suburb only 9km* from Melbourne CBD.
+ Hobsons Bay City Council: Transport, Postal and Warehousing, the largest industry by Gross Regional accounting for 15.7% of the total GRP and generating 5,200 jobs (4).
+ Opportunity for developers, owner occupiers and/or investors to take advantage of extremely low 1.2% industrial vacancy rates (3) and record high rental growth.
+ Holding Income: $230,000 pa* + GST

Expressions of Interest Campaign
Closing at 3:00pm on the 11th of April 2024
For further information please contact the agents directly

* Approx
(1) Victoria’s Big Build
(2) Stockland
(3) The Urban Developer
(4) Hobsons Bay City Council – Economic Development Strategy 2023-28

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Warehouse/Showroom
Land Size
9,782 SQM
Building Area
3,250 SQM

Contact Agents

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