Jones Real Estate, on behalf of our private client, are incredibly proud to be entrusted with the sale of this permit approved industrial development site in Melbourne's revered eastern precinct.
With limitless options available, this prime landholding offers the ability to immediately develop, thanks to a Stephen D'Andrea designed planning permit in addition to holding income.
Acacia Park, 75 Acacia Road, Ferntree Gully is For Sale via Expressions of Interest closing Wednesday 24th July 2024 at 12pm (AEST).
Key highlights of this opportunity include:
- This property will be sold permit-approved for the development of 21 warehouses, covering a net saleable area of 6,820 sqm*. This presents a ready-to-go opportunity for immediate development in a high-demand location.
- Located within a robust residential workforce catchment, offering easy access to key amenities including local shopping centres, parks, and other retail establishments.
- Currently leased on a short-term basis. The property generates a substantial holding income of $404,824.16 per annum plus GST & Outgoings.
- With its substantial land size, strategic location, and development approval, Acacia Park represents a remarkable opportunity for significant long-term growth. Investors can capitalise on the area's growing demand for industrial space, driven by its accessibility and the surrounding community and logistics infrastructure.
*Approx.
For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
