Broadmeadows Infill Development Opportunity With Lease Back Options
Colliers in conjunction with Sisk Lawson, as exclusive selling agents, are pleased to offer two strategic assets subject to flexible leasebacks, providing significant value enrichment and redevelopment opportunities, located within one of Melbourne North’s strongest infill investment markets.
1-7 & 9-15 Belfast Street, Broadmeadows are being offered for sale individually or in-one-line via Private Sale.
The opportunity offers:
- Exceptionally rare offering of scale surrounded by growing residential catchments, with immediate access to large volumes of consumers
- Genuine value-add product, with substantial upside enhancing returns
- Total land-rich site area of 19,431m²*
- Premier infill - institutional investment location of Melbourne’s North
- One-year leaseback with the ability to implement tactical value enrichment strategies whilst receiving a secure income
- Net passing income of $500,000 per annum which is substantially below market levels
- Significant potential rental reversion which could be further enhanced with a repositioning program
- Scarcity of brownfield sites of this quality & prominence, underpinned by historically low vacancy levels and record industrial rental growth
These unique sites of scale are situated within the infill industrial location of Broadmeadows, located 20 kilometres north of the Melbourne Central Business District, in the local government area of the City of Hume.
For further information regarding this unique opportunity, please contact the exclusive selling agents.
*Approx
**Outlines indicative
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