Heine Brothers have acquired the former Berkeley Apparel factory in Sunshine for approx $22 million.Located approx. 500 metres from Albion train station the property at 501 – 503 Ballarat Rd, Sunshine has excellent exposure and development opportunities.Situated within the Sunshine Activity Zone, the site allows for a variety of development outcomes including high density residential. The area is destined for strong population growth (forecast to be up +69 per cent by 2041), partly as a result of the Airport Rail Link which forms part of the proposed $50b suburban rail loop.The 2.2ha site includes 12,513 square metres of improvements in two tenancies. The vendor, Berkeley Apparel offered the site with a leaseback over part of the site. The asset is forecast to provide a total annual rent of $1.445 million.Dawkins Occhiuto acted for Berkeley Apparel in the transaction.Ballarat RoadPrevious ArticleNext Article
Located approx. 500 metres from Albion train station the property at 501 – 503 Ballarat Rd, Sunshine has excellent exposure and development opportunities.Situated within the Sunshine Activity Zone, the site allows for a variety of development outcomes including high density residential. The area is destined for strong population growth (forecast to be up +69 per cent by 2041), partly as a result of the Airport Rail Link which forms part of the proposed $50b suburban rail loop.The 2.2ha site includes 12,513 square metres of improvements in two tenancies. The vendor, Berkeley Apparel offered the site with a leaseback over part of the site. The asset is forecast to provide a total annual rent of $1.445 million.Dawkins Occhiuto acted for Berkeley Apparel in the transaction.Ballarat RoadPrevious ArticleNext Article
Situated within the Sunshine Activity Zone, the site allows for a variety of development outcomes including high density residential. The area is destined for strong population growth (forecast to be up +69 per cent by 2041), partly as a result of the Airport Rail Link which forms part of the proposed $50b suburban rail loop.The 2.2ha site includes 12,513 square metres of improvements in two tenancies. The vendor, Berkeley Apparel offered the site with a leaseback over part of the site. The asset is forecast to provide a total annual rent of $1.445 million.Dawkins Occhiuto acted for Berkeley Apparel in the transaction.Ballarat RoadPrevious ArticleNext Article
The 2.2ha site includes 12,513 square metres of improvements in two tenancies. The vendor, Berkeley Apparel offered the site with a leaseback over part of the site. The asset is forecast to provide a total annual rent of $1.445 million.Dawkins Occhiuto acted for Berkeley Apparel in the transaction.Ballarat RoadPrevious ArticleNext Article
Dawkins Occhiuto acted for Berkeley Apparel in the transaction.Ballarat RoadPrevious ArticleNext Article
Ballarat RoadPrevious ArticleNext Article
