Last mile development opportunity up for sale


One of the last remaining large-scale prime industrial development opportunities in Melbourne’s inner northern growth corridor is up for sale for the first time in 50 years.

CBRE’s Bryce Pane, Joe Brzezek, Daniel Eramo and John Camilleri from Killen Thomas will steer the Expressions of Interest campaign for the facility providing a key last mile or mixed-use development opportunity.

Located at 10-18 Chifley Drive, the 19,100 sqm site comprises several derelict buildings with 115m of street frontage to Chifley Drive.

“Industrial property in the Preston area is a popular choice for mixed-use developments with neighbouring sites recently being converted into a brewery, bowling alley, bar and bistro,” Bryce says.

The site is surrounded by Northland Shopping Centre, Thornbury Railway Station and the Bell Street Activity Centre (Bunnings, JB Hi Fi, Amart, Rebel, Total Tools) and is ideally situated to provide strategic last mile logistics to the residential catchment via connectivity to major road networks.

“This latest block to hit the market is zoned Industrial Zone 3 (IND3), presenting several development outcomes for developers to capitalise on the area’s amenity and deliver products beyond industrial use, subject to the relevant planning approvals.”

The site is located 7.75km from Melbourne’s CBD and it is close to Bell Railway Station, Northland Shopping Centre and Auston Hospital.

The expression of interest campaign closes Thursday 25th November at 3pm AEDT.

For more information on CBRE, click here.

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