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2-50 Glenelg Street, Coolaroo, VIC, 3048

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2-50 Glenelg Street, Coolaroo, VIC, 3048

2-50 Glenelg Street, Coolaroo, VIC, 3048

Properties / Sold / Victoria / Coolaroo
Development Potential

1. Property Summary

Property Type
Industrial
Land Area
8.20 hectares (*approx)
Selling Method
For Sale: Contact Agent
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2. Property Highlights

8.20 HECTARE INFILL INDUSTRIAL LAND HOLDING
  • 82,000m² infill industrial land holding
  • Secure net income of $1,045,680 pa
  • Development & value add offering
Colliers Industrial Capital Markets, as exclusive selling agents, are pleased to offer for sale 2-50 Glenelg Street, Coolaroo.
 
The offering is underpinned by a secure leaseback to ASX listed Palla Pharma, whilst providing the additional benefit of a multitude of redevelopment and repositioning characteristics, along with the following captivating features;
 
• Substantial 82,000m² infill land holding providing
• Total building area of 17,428m², complementing any future use or redevelopment prospects
• Secure net income of $1,045,680 per annum to ASX listed and global corporate Palla Pharma
• Ability to immediately commence subdivision/redevelopment work upon the extensive surplus land component of approximately 45,000m² which is not included in the leaseback
• Strategic location offering excellent access to existing precinct amenity and major road infrastructure including the Hume Highway & Metropolitan Ring Road
 
2-50 Glenelg Street, Coolaroo is being offered for sale via Expressions of Interest closing 4:00pm (AEST) Friday, 3rd September 2021.
 
For more information on this property please contact Nick O'Brien, Damian Marinelli, Gavin Bishop or Sean Thomson.

Remember to mention you found this property on DevelopmentReady
Read More

1. Property Summary

Property Type
Industrial
Land Area
8.20 hectares (*approx)
Selling method
For Sale: Contact Agent

2. Property Highlights

8.20 HECTARE INFILL INDUSTRIAL LAND HOLDING
  • 82,000m² infill industrial land holding
  • Secure net income of $1,045,680 pa
  • Development & value add offering
Colliers Industrial Capital Markets, as exclusive selling agents, are pleased to offer for sale 2-50 Glenelg Street, Coolaroo.
 
The offering is underpinned by a secure leaseback to ASX listed Palla Pharma, whilst providing the additional benefit of a multitude of redevelopment and repositioning characteristics, along with the following captivating features;
 
• Substantial 82,000m² infill land holding providing
• Total building area of 17,428m², complementing any future use or redevelopment prospects
• Secure net income of $1,045,680 per annum to ASX listed and global corporate Palla Pharma
• Ability to immediately commence subdivision/redevelopment work upon the extensive surplus land component of approximately 45,000m² which is not included in the leaseback
• Strategic location offering excellent access to existing precinct amenity and major road infrastructure including the Hume Highway & Metropolitan Ring Road
 
2-50 Glenelg Street, Coolaroo is being offered for sale via Expressions of Interest closing 4:00pm (AEST) Friday, 3rd September 2021.
 
For more information on this property please contact Nick O'Brien, Damian Marinelli, Gavin Bishop or Sean Thomson.

Remember to mention you found this property on DevelopmentReady
Read More
Development Potential
Nick O'Brien
Nick O'Brien
+61 *** *** *** show +61 458 966 721
Gavin Bishop
Gavin Bishop
+61 *** *** *** show +61 401 146 051
Sean Thomson
Sean Thomson
+61 *** *** *** show +61 418 943 452

Download Development Site Report

3. Property Location

2-50 Glenelg Street, Coolaroo, VIC, 3048

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4. Due Diligence

Site Report Available

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Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
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2-50 Glenelg Street, Coolaroo, VIC, 3048 Coolaroo
Colliers - Sydney South
Colliers - Sydney South
Building 3 - Level 8, 185-191 O’Riordan Street | Mascot, NSW 2020
View Agency Profile
Colliers - Sydney CBD
Colliers - Sydney CBD
Level 30, Grosvenor Place, 225 George Street, Sydney, NSW, 2000
View Agency Profile
Nick O'Brien
Nick O'Brien
+61 *** *** *** show +61 458 966 721
Gavin Bishop
Gavin Bishop
+61 *** *** *** show +61 401 146 051
Sean Thomson
Sean Thomson
+61 *** *** *** show +61 418 943 452