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Commercial, Industrial, Mixed Use
105 Brookville Drive Craigieburn, VIC, 3064

Property details

  • Property ID:
    9536
  • Contact Owner:
  • Area:
    127,116.00 m2 (*approx)
  • Type:

    Commercial:

    Industrial:

    Mixed Use:

  • Development Potential:
    12.7 HECTARE (31acres) INDUSTRIAL ALLOTMENT- LEASE TO BUY CONTRACT
Agency information

Overview

MASSIVE POTENTIAL - 31 acres IN PRIME NORTHERN GATEWAY LOCATION
Hume highway frontage and possible transportation access via a government side street!

For Sale: Contact Owner - Suit an industrial land developer. Land banker.


FOR SALE / LEASE TO BUY CONTRACT( SEE LEASE TO BUY PROPOSAL BELOW ) - 127,116m3  (12.7ha)  

Property has an existing 50 square home. Can be converted to administration building.

Priced at $110m2 = $13,982,760.00
A
llotment abuts Hume Highway for massive exposure.

Now receiving expressions of interest. Written offers welcome.

The Hume Highway frontage suitable for a super petrol station and associated commerce.
Property has a subdivision permit for a two lot (excision) current until 2020.
All services will be available in the coming months. Sewer works commence February 2019.

The property abuts the Hume Freeway is in the Craigieburn North Employment Area. PSP 25.1.
The property would suit large superannuation funds. High net worth individuals and REITs in industrial developments.
Also suitable for a giant transport company. Could not get a better situated allotment in the Northern fringe of the City of Melbourne.
The site is an ideal advertisement for the company that buys this property and would be the first gateway vista for interstate travellers.
Suitable for warehousing and automation and much sought out made to order faclities.
Many possible end uses with high end income producing properties.
Very difficult to find a site on the Hume Highway this close to Melbourne with so much potential.
Industrial land is now very much looked upon as a trophy asset. These sites will appreciate makedly in the coming years.

LEASE/OPTION TO BUY PROPOSAL

Iin the following is an explaination of the leasing option to buy arrangement that we would be trying to achieve for this particular parcel of land.


PROPERTY FOR LEASE/OPTION TO BUY - 105 BROOKVILLE DRIVE CRAIGIEBURN 3064 - Area 127,116m2 (12.7ha) -31 acres

The property owners require a lease/option sale agreement for the above property.
The asking lease per square metre of land is $10 per square metre per annum. Plus GST.
This works out to - $10m2 x 127116m2 = $1,271,116.00 plus GST. With yearly increments of 5%.
This lease is paid in advance due at the start of each quarter yearly period. So four advance payments per quarter per year.
The strike price for the property in two years is $110 per square metres. This values the property at $13982760.00 ( less the lease amount paid each year paid)
After the two years the value of the property will be at market value or the strike price whichever is the higher value of the land.
Alternatively the lease can be extended to 5 years with the strike price to be valued at the current market value at the time of sale.
Less the lease payments already made.

The above conditions are a peripheral view of this proposal it is by no means an exhaustive list of all the requirements for this project.

A clear and concise formal legal contract agreement would need to be drawn up to protect and nurture both parties in moving forward with this venture.

Please feel free to contact me on my mobile no 0419 316 516 or return email if this proposal is of interest to you and/or your organization. 




For more information contact Claude Di Martino on 0419 316 516


Remember to mention that you found this property on Developmentready.com.au
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