OVERVIEW

Cushman & Wakefield and Colliers, are excited to offer for sale 893-895 Princes Highway, Springvale, VIC. A 1.15-hectare landholding with 84 metres of direct frontage onto Princes Highway within Melbourne’s coveted Monash National Employment and Innovation Cluster (NEIC), the property combines existing functional improvements with the significant development upside (STCA).

Key Investment Highlights include:

• High profile landholding, providing 84 metres of frontage to Princes Highway.
• Rare owner occupier or investment opportunity, with near term lease expiry (Dec-24).
• Ability to enhance returns via redevelopment (STCA)
• Seamless access to Princes Highway, Eastlink (M3) and the Monash Freeway (M1).
• Population reach of 1.1 million households within 30-minute drive.
• Excellent location fundamentals with low vacancy (1.7%) and high rental growth (14.7% YoY).

The asset is being offered via an Expressions of Interest (EOI) campaign closing Thursday 17th October 2024 at 12pm AEST.

For further information please contact the below exclusive marketing agents.

Chris Jones | +61 477 881 882 | Chris.A.Jones@cushwake.com

Charlie Holmes | +61 439 334 154 | Charlie.Holmes@cushwake.com

Kosta Filinis | +61 448 500 999 | kosta.filinis@cushwake.com

Gareth Jackson | +61 408 556 338 | gareth.jackson@cushwake.com

Richard Wilkinson | +61 431 156 990 | richard.wilkinson@colliers.com

Jonathan Mercuri | +61 401 693 450 | Jonathan.mercuri@colliers.com