Located at the Monash Freeway M1 diamond interchange in Melbourne’s booming south eastern industrial precinct, CBRE’s Stephen Adgemis, Sasan Misaghian and David Aiello are marketing the lease of a major industrial site.

The substantial warehouse at 151-161 Forster Road, Mount Waverley is being offered to the market for lease via an Expressions of Interest closing Thursday 30th March.

Mr Adgemis, commented, this property offers tenants an amazing opportunity to be located right at the footstep of the Monash Freeway.

“In partnership with property group Aliro, this rare blank canvass site can provide immense flexibility with design and utilisation of the site.

“The strategic location of this facility will provide a powerful arterial network for business operations,” he said.

Mr Misaghian, added, Forster Road is considered one of the best locations within the south east / east industrial market.

“With two street frontages the site offers amazing exposure and an unmatched location for the purpose of last mile or freight.

“Zoning of the property is special use zone (SUZ6) which enables various potential development types and uses.

“Research found that Melbourne industrial rental growth has been driven by a lack of available space with Melbourne’s vacancy rate remaining at a record low of 1.1 per cent.

“According to CBRE Research, new supply over the calendar year of 2022 fell short of the long-run average with just 69,587 square metres across six major projects delivered. The south-east made up for 34 per cent of new stock. The development pipeline for the calendar year of 2022 totalled 500,451 square metres which is 11 per cent below the 10-year average with the 2023 development pipeline expected to overshadow last year’s completion by 225,000 square metres.”

Mr Aiello said the close proximity to the Mount Waverley residential catchment benefits a multitude of potential uses through employment and foot-traffic.

The property has a site area of 21,488 square metres and offers potential tenancy sizes from 5,000 to 20,000 square metres.

To request leasing information please contact the leasing agents CBRE’s Stephen Adgemis, Sasan Misaghian and David Aiello via the below contact details. 

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A substantial c20,000 sqm Monash warehouse Forster Road Mount Waverley for lease by CBRE