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CVA Property Consultants - Melbourne

6 Market Road Sunshine, VIC 3020

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6 Market Road,
Sunshine, VIC 3020

Warehouse, Factory & Industrial • Development Sites & Land

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$4,950,000

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CVA Property Consultants - Melbourne
Leo Mancino
Domenic Sgambellone

CVA Property Consultants - Melbourne

18-20 Russell Street
MELBOURNE, VIC 3000
CVA Property Consultants - Melbourne
6 Market Road
Sunshine, VIC 3020

Map of 6 Market Road

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Inner West Landholding with Improvements and Income.

POINT OF INTEREST:

Substantial Industrial Facility Securely Leased until April 2026, with two additional 1-year options. Located at 6 Market Road, on the corner of First Avenue, this property comprises approximately 2400 sqm* of building space, including a large mezzanine, as well as a separate freestanding office of 163 sqm*. Situated on an enviable corner site of 5193 sqm*, this presents an opportunity to both earn rental income and plan for future development. Options include constructing your own large warehouse with on-site parking or embarking on a multi-warehouse development with frontages to Market Road and First Avenue (subject to all relevant approvals).

- Well established and tightly held industrial precinct
- 5,193 sqm* total land area
- 2,400  sqm*  total building area
- 50m* frontage to Market Road
- 103m* depth to First Avenue
- Current annual rental of $272,727.27*
- Industrial 1 Zone 
- Limited opportunity to secure prime land of this portion and huge street frontage

POINT OF VIEW:

Investment opportunity with a secure lease until March 2026, plus options. Develop later (subject to council approval). Be the first to market.

*Approx.
Pricing excludes GST

Property ID: 504534984Last Updated: 2 May 2024

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