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For Sale | Development new

Prime 7.54ha* infill development site with secure income

1-31 Riggall Street
Broadmeadows, VIC 3047
Inquire About This Property
Building Size:
24,588 SQM
Sale Price:
Lot Size
75,400 SQM
For Sale by Expressions of Interest closing at 4pm on 26 March 2020 Cushman & Wakefield and Gross Waddell are pleased to present this prime infill redevelopment site with secure holding income for sale. Key Property Features: • Land area: 7.54 ha* • Total building area: 24,588 sqm* • Offered for sale with a 3 year leaseback to Visy Packaging • Fixed net rent of $1,320,000 p.a • Currently zoned Commercial 2 Zone • Within the Greater Broadmeadows Framework Plan • Within ‘strategic priority’ precinct B – future mixed use area • Potential for townhouse development and other uses (STCA) • Proximity to Broadmeadows town centre • Elevated site with exceptional city views • Highly efficient site with multiple street frontages • Elevated site with city views • Convenient access to Broadmeadows Train Station • Access to Pascoe Vale Road and the Western Ring Road Contact your exclusive Cushman & Wakefield or Gross Waddell agents to discuss the opportunity in more detail or to receive an Information Memorandum (IM). *Approx. - North Melbourne
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