Located just 13km north from Melbourne's CBD, this prime 46,232sqm freehold is a fantastic development offering from the CBRE team of Daniel Eramo and Dean Hunt.This outstanding site has an Industrial 3 Zone status and is positioned in the sought-after Reservoir locality. In addition to its three streets access the location is further enhanced with its close proximity to the Metropolitan Ring Road and major road arterials including High Street and Bell Street.
This property’s configuration comprises of a significant office/warehouse (12,887sqm) plus a vacant industrial land parcel spread over three separate titles. Its highly desirable land size and dimensions all represent great upside potential for the insightful developer looking to capitalise on one of Melbourne’s key industrial locations noted for its strong demand for industrial units and land subdivision. A key advantage is that development may be progressed in stages using the building income to support the holding costs
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" Industrial development sites of this proportion, so close to Melbourne’s CBD and major arterials are in short supply – combine this with strong buyer demand for industrial units and land and you really have a superb development opportunity." - Daniel Eramo, CBRE.
Summary;
- Valuable land holding of 46,232sqm (Industrial 3 Zone)
- Significant office/warehouse (12,887sqm) plus vacant industrial land parcelÂ
- 13km north from Melbourne's CBD
- Close proximity to major road arterials
- Industrial units and land subdivision options
- Development may be progressed in stages using the building to support holding costs
- Strong buyer demand for Industrial units and land
48A Radford Road, Reservoir is For Sale via Expressions of Interest, closing Wednesday 29th November 2017 at 3pm (AEST).
For an inspection or further information please contact CBRE to register your interest.
Daniel Eramo: 0400 871 191
Dean Hunt: 0418 543 361
Click here to view property:Â
