2-50 Glenelg Street Coolaroo VIC 3048

Colliers Industrial Capital Markets, as exclusive selling agents, are pleased to offer for sale 2-50 Glenelg Street, Coolaroo.

The offering is underpinned by a secure leaseback to ASX listed Palla Pharma, whilst providing the additional benefit of a multitude of redevelopment and repositioning characteristics, along with the following captivating features;

Substantial 82,000m² infill land holding providing
Total building area of 17,428m², complementing any future use or redevelopment prospects
Secure net income of $1,045,680 per annum to ASX listed and global corporate Palla Pharma
Ability to immediately commence subdivision/redevelopment work upon the extensive surplus land component of approximately 45,000m² which is not included in the leaseback
Strategic location offering excellent access to existing precinct amenity and major road infrastructure including the Hume Highway & Metropolitan Ring Road

2-50 Glenelg Street, Coolaroo is being offered for sale via Expressions of Interest closing 4:00pm (AEST) Friday, 3rd September 2021.

For more information on this property please contact Nick O'Brien, Damian Marinelli, Gavin Bishop or Sean Thomson.