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  • For sale
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For Sale

Expressions of Interest closing 17th Aug 2022 Colliers
Colliers is pleased to offer for sale via Expressions of Interest closing Wednesday, 17th August at 3pm, 73-75 Canterbury Road, Montrose. This rare low site coverage, one-titled opportunity is located in the tightly held Montrose Industrial Precinct and is suited to a wide range of industry users.

The offering includes a high-profile vacant office warehouse, as well as holding income via a showroom warehouse with ground lease secured to the eastern portion of the site.

Strategically positioned on Canterbury Road, the property provides expansive exposure to thousands of daily passing vehicles, and immediate access to Canterbury Road, Dorset Road, Mountain Highway and East Link (M3).

Major property highlights:
•Large scale 2.37ha* main road site
•Lot 1: Vacant Possession clear span 4,100m²* warehouse, on 10,740m²* site area
•Lot 2: Leased 650m²* showroom / warehouse, on 13,000m²* site area returning $126,024.36* p/a net
•Low 20% site coverage providing enormous development scale or repositioning
•Significant opportunity for Owner Occupiers, Developers & Astute Investors
•Highly functional clear span warehouse with excellent secure side and rear loading yards ready to be occupied
•121m Canterbury Road frontage
•Industrial 1 zoning allowing for flexible development options (STCA)
•Core industrial location with strong underlying investment fundamentals.
•Montrose is an established industrial location which sits directly next to Kilsyth and Bayswater precincts
•High underlying land value with limited greenfield opportunities left to be developed
•Immediate access to major road networks such as Canterbury Road, Dorset Road and Mountain Highway

For more information or to arrange an inspection please contact the Colliers agents below.

*Approximate