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2-50 Glenelg Street, Coolaroo, VIC, 3048
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Property Highlights

8.20 HECTARE INFILL INDUSTRIAL LAND HOLDING
  • 82,000m² infill industrial land holding
  • Secure net income of $1,045,680 pa
  • Development & value add offering
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.

Remember to mention you found this property on DevelopmentReady
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