SIGNIFICANT 15.9HA* CAMPBELLFIELD INFILL DEVELOPMENT OPPORTUNITY
CBRE on behalf of Ford Motor Company of Australia Pty Ltd ("Ford"), is pleased to offer for sale a site of significant scale situated at Part 1731-1733 Sydney Road, Campbellfield with part Lot 3 of Plan of Subdivision 834245S, forming part of Certificate of Title Volume 12283 Folio 614, and Lot 4 of Plan of Subdivision 608125R, forming Certificate of Title Volume 11135 Folio 013, known as "the Site". The Site is offered for sale via Expressions of Interest closing Thursday 17th August 2023 at 4:00pm AEST.
Key Highlights
+ Substantial infill holding of 15.9ha* adjacent to the National Business Park
+ Functional existing improvements with a total GLA of approximately 56,819sqm
+ Low site improvements coverage of 36%
+ Two-year leaseback to Ford Motor Company of Australia Pty Ltd on portion of the site allowing for immediate leasing and development opportunities
+ Value add potential via redevelopment or repositioning (STCA). Capitalise on multiple access points
+ Significant exposure to Sydney Road, a major arterial in a high-profile location
+ One of the most significant infill development sites within Melbourne’s north
+ Tightly held logistics precinct, experiencing vacancy sub 0.7% and forecasted above-average rental growth
For further information, please contact the selling agents.
Outlines, locations and figures indicative only.
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