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38 Wallace Avenue, Point Cook, VIC 3030
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Property Highlights

All Signs Point (Cook) To A Rare Development Opportunity.

POINT OF INTEREST:

The Expressions Of Interest has closed. Offers are now under consideration.

We’re as thrilled as you are to see land on the market; but we’ll bet you’re surprised to see it in one of Melbourne’s most popular western suburbs. Situated in Wallace Avenue’s established business estate, this is a prime corner position capturing commuters from multiple angles with over 35 metres* of exposure and signage opportunity.

With nearly 2,100 sqm* of land and an industrial 3 zoning, it’s encouraging ambitious plans for a multi-level commercial development or a prime position for owner occupiers in a location where business thrives. While you’re forming your strategic development play, the site is currently leased until 1st January 2023 with no further renewals at $40,516.50 per annum net.

A direct ramp to Palmers Road means seamless access to a key arterial, with a quick right-hand turn leading you to Princes Freeway and onto the M1 to get to the CBD in under 30 minutes. For train commuters, Williams Landing railway station is 400 m* away and a shorter journey to central Melbourne than most inner-city trams.

- 2,093.58 sqm* land area.

- Industrial 3 zoning for industrial / multi-level commercial development.

- Over 35 metres* of frontage.

- Current income of $40,516.50 per annum net until 1st January 2023 with no renewal.

- Sitting at the intersection of Princes Freeway and Palmers Road.

- 400 m* from Williams Landing railway station.

- 760 m* from Williams Landing Shopping Centre.

- 20 km* from Melbourne CBD.

- Next door to well known restaurant Rococo

- In amongst all of the amenities including Wallace Avenue Medical Suites, Creative Hands Early Learning & Childcare, The Phoenix Hotel and Wyn City Bowling and Entertainment Venue.

POINT OF VIEW:

The Point Cook secret is out. It’s likely why this is the only site on the market in a near fully built out estate. Follow the trend of Melbourne’s best developers and add to the $150 million worth of real estate on Wallace Avenue.

*Approx.

Pricing excludes GST

Remember to mention you found this property on DevelopmentReady

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