John Nockles and Charles Cini of CVA have just sold a prime corner land site of 2,100 sqm*, in one of Melbourne’s most popular western suburbs, Point Cook. This site sold for $3,325,400, adding to the $150 million worth of real estate already on Wallace Avenue, Being the only site on the market in a near fully build out estate, 38 Wallace Avenue captures commuters from multiple angles, sitting at the intersection of Princes Freeway and Palmers Road.
The site is currently leased until 1st January 2023 at $40,516.50 per annum net, with no renewal. There is potential for a multi-level commercial development or a prime position for owner occupiers in a location where business thrive.
In amongst all of the amenities including Wallace Avenue Medical Suites, Creative Hands Early Learning & Childcare, The Phoenix Hotel and Wyn City Bowling and Entertainment Venue.
