1635 Main Road,
Research, VIC 3095
Warehouse, Factory & Industrial • Development Sites & Land
Key property information
Land area
Floor area
Tenure type
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CBRE - Melbourne
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
1635 Main Road
Research, VIC 3095
Map of 1635 Main Road
RESEARCH'S ONLY SIGNIFICANT INDUSTRIAL LANDHOLDING
- Excellent Land Banking Opportunity
- Main Road Exposure
- Offered with Long Term Income
CBRE is pleased to offer 1635 Main Road, Research for sale via Expressions of Interest closing Wednesday 8th June 2022 at 3pm AEST.
The site is being offered for sale for the first time in 47 years and represents a unique opportunity to purchase the only significant industrial land parcel in Research.
Located on the main road in the tightly held Research Industrial Precinct, the site sits only 3.5km* to Eltham’s town centre and benefits from being surrounded by a large residential catchment as well as sitting on the doorstep of the Yarra Valley. The property’s location will be further enhanced with the forthcoming North East Link, providing greater access to Melbourne’s CBD and the eastern suburbs.
Property features include:
+ Total land area: 5,438sqm*
+ Total building area: 404sqm*
+ Well fitted internal office space
+ Main road exposure
+ Fully fenced secure yard
+ Two full size roller doors
+ Secure area for unloading and container storage
+ Excellent long term development potential
+ Industrial 3 zone
+ Long term secure tenant
Lease Details;
+ Tenant: Indigenous Design Environmental Services
+ Lease expiry: July 2027
+ Current rent: $70,445.64 per annum increasing to $76,187.04** from August 1st
+ Security Deposit: $13,000 + GST
+ Annual increases: CPI
For further information, please contact the exclusively listed CBRE agents.
*approx.
**based upon 3% CPI
The site is being offered for sale for the first time in 47 years and represents a unique opportunity to purchase the only significant industrial land parcel in Research.
Located on the main road in the tightly held Research Industrial Precinct, the site sits only 3.5km* to Eltham’s town centre and benefits from being surrounded by a large residential catchment as well as sitting on the doorstep of the Yarra Valley. The property’s location will be further enhanced with the forthcoming North East Link, providing greater access to Melbourne’s CBD and the eastern suburbs.
Property features include:
+ Total land area: 5,438sqm*
+ Total building area: 404sqm*
+ Well fitted internal office space
+ Main road exposure
+ Fully fenced secure yard
+ Two full size roller doors
+ Secure area for unloading and container storage
+ Excellent long term development potential
+ Industrial 3 zone
+ Long term secure tenant
Lease Details;
+ Tenant: Indigenous Design Environmental Services
+ Lease expiry: July 2027
+ Current rent: $70,445.64 per annum increasing to $76,187.04** from August 1st
+ Security Deposit: $13,000 + GST
+ Annual increases: CPI
For further information, please contact the exclusively listed CBRE agents.
*approx.
**based upon 3% CPI
Research, 3095 demographic data
The median household income for Research is $2,876, 51% higher than Greater Melbourne's household income of $1,901. Research has an older age profile compared to the rest of Greater Melbourne (median age 44 vs 37). Property ownership data shows 50% of property owners in Research have a mortgage.
2,695
Population
$2,876 per week
Median household income
44 years
Median age
Owners
Most residents
Families
Most households
CBRE - MelbourneLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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25-31 Brisbane Street,Eltham, VIC 3095 4734 m²Warehouse, Factory & Industrial • Offices