Colliers have exclusively brought to the market an infill acquisition opportunity in one of Melbourne’s most tightly held and sought-after industrial precincts on behalf of developer Steve Donnelly from Donnelly Group.

Colliers agents Gordon Code and James Stott are expected the significant asset to sell for an excess of $22 million.

Located on 1-19 Industrial Drive, Braeside, the warehouse benefits from a short-term holding income until Q3-2025. 

The large property is positioned on an expansive 15,778sqm of prime Industrial 1 zoned land including a building area of 11,173sqm.

Attractive for owner-occupiers and self-storage businesses, the significant main road office and
warehouse suggests flexible improvements to enhance its value. 

Sitting in a destination precinct along Boundary Road, the facility sustains strong brand exposure amongst domestic and global occupiers such as Coca-Cola, Rinnai, Visy, Costco and Decathlon.

Gordon Code, Industrial & Logistics National Director at Colliers, comments: “The last mile Bayside industrial market comprises of 2m sqm and 297 buildings, only one current vacancy or 0.34%, the tightest industrial precinct in VIC. A market that is also defined by zero-freehold greenfield land opportunities capping future supply. 1-19 Industrial Drive is positioned perfectly for current future growth.”

Colliers National Director James Stott adds: “Bayside represents an only on-market opportunity to buy, with 0% leasing vacancy and is the 3rd largest industrial suburb in the southeast. The area is also stimulated by a great influx of investment in infrastructure projects, with the recently completed Mordialloc Freeway”.

1-19 Industrial Drive, Braeside, is offered for sale via Expressions of Interest by Wednesday 1st of May 2024 at 4 pm (AEST).