Sold
For Sale Industrial/Warehouse

High profile South East landholding with development potential

893-895 Princes Highway, Springvale, VIC 3171 Australia
Sold
For Sale Industrial/Warehouse

High profile South East landholding with development potential

893-895 Princes Highway, Springvale, VIC 3171 Australia
Building Size
4,852 SQM
Lot Size
11,470 SQM
Building Size
4,852 SQM
Lot Size
11,470 SQM

OVERVIEW

Cushman & Wakefield and Colliers, are excited to offer for sale 893-895 Princes Highway, Springvale, VIC. A 1.15-hectare landholding with 84 metres of direct frontage onto Princes Highway within Melbourne’s coveted Monash National Employment and Innovation Cluster (NEIC), the property combines existing functional improvements with the significant development upside (STCA).

 

Key Investment Highlights include:

 

  • High profile landholding, providing 84 metres of frontage to Princes Highway.
  • Rare owner occupier or investment opportunity, with near term lease expiry (Dec-24).
  • Ability to enhance returns via redevelopment (STCA)
  • Seamless access to Princes Highway, Eastlink (M3) and the Monash Freeway (M1).
  • Population reach of 1.1 million households within 30-minute drive.
  • Excellent location fundamentals with low vacancy (1.7%) and high rental growth (14.7% YoY).

 

The asset is being offered via an Expressions of Interest (EOI) campaign closing Thursday 17th October 2024 at 12pm AEST.


For further information please contact the below exclusive marketing agents.

 

Chris Jones | +61 477 881 882 | Chris.A.Jones@cushwake.com

Charlie Holmes | +61 439 334 154 | Charlie.Holmes@cushwake.com

Kosta Filinis | +61 448 500 999 | kosta.filinis@cushwake.com

Gareth Jackson | +61 408 556 338 | gareth.jackson@cushwake.com

Richard Wilkinson | +61 431 156 990 | richard.wilkinson@colliers.com

Jonathan Mercuri | +61 401 693 450 | Jonathan.mercuri@colliers.com

CONTACT

Key Features
  • Occupy or invest
  • 84 metres of Highway frontage
  • Future redevelopment potential

Details

Building Size:
4,852 SQM
Sale Price:
Contact us for pricing
Lot Size:
11,470 SQM

CONTACT

High profile South East landholding with development potential

LOCATION

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Cookie preferences
Agree All
Reject All
SAVE SETTINGS
Essential
Non Essential
Marketing