648 South Road,
Moorabbin, VIC 3189

Warehouse, Factory & Industrial • Development Sites & Land • Showrooms & Large Format Retail

Key property information

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Floor area

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Map of 648 South Road

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PRIME BAYSIDE DEVELOPMENT/BUSINESS OPPORTUNITY

EXPRESSIONS OF INTEREST CLOSING THURSDAY 29TH NOVEMBER 2018 AT 4PM

This prime 21,162sqm* (or 2.1ha) industrial 1 zoned landholding with substantial frontage to busy South Road offers irreplaceable exposure to massive traffic volumes.

Its corner location affords a second street frontage providing safe customer & staff vehicle access, as well as truck ingress /egress.

Currently utilised as a successful car dealership – improvements on the site include 5,516sqm* of buildings/canopies plus hardstand/asphalt all used primarily for the display and storage of cars.

+ Premium location highly sought after by owner occupiers & developers
+ Rare 2ha+ landholding in an extremely tight industrial / commercial location – having experienced strong growth in underlying land values
+ Substantial frontage to South Road, circa 150m*
+ Two street crossovers on Bignell Road
+ Flexible development options given the site’s conventional / regular shape - development is NOT adversely affected by any easements
+ Ideally suited to industrial strata unit development OR automotive / caravan sales, equipment hire, trade sales and bulky goods (STCA)
+ Situated within a substantial residential catchment and highly skilled workforce

*denotes approx.

Moorabbin, 3189 demographic data

The median household income for Moorabbin is $2,031, 7% higher than Greater Melbourne's household income of $1,901. Moorabbin has an older age profile compared to the rest of Greater Melbourne (median age 39 vs 37). Property ownership data shows 55% of property owners in Moorabbin have a mortgage.

6,287

Population

$2,031 per week

Median household income

39 years

Median age

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