Montrose industrial block formerly used by Boral about to hit market

THERE are no shortage of buyers for one of the largest industrial subdivisions in Melbourne’s east, only weeks away from hitting the market.

Google Maps view of the industrial site

ONE of the largest industrial subdivisions in Melbourne’s east is only weeks away from hitting the market.

And there are no shortage of buyers.

Commercial real estate agents Cushman and Wakefield are close to releasing blocks on the 10ha site in the first stage of the land sale, on the corner of Canterbury Rd and Fussell Rd in Montrose.

THOUSANDS IN PUBLIC HOUSING WITHOUT PROPER HEATING

GOVERNMENT CALLED ON TO PLAN FOR HOUSING DEVELOPMENT

KNOX PLAYGROUND THEFTS: THOUSANDS WORTH OF SWINGS STOLEN

The former Boral site used to store crushed rock and will be sold in three stages.

Victorian head of industrial sales and leasing Victoria Andrew O’Connell said he already had a list of buyers ready with offers.

“This is one of the largest industrial land offerings in the area for some time,” Mr O’Connell said.

“Industrial land is in very short supply.”

He said the first stage would be made up of between eight and 12 blocks, and will go on sale within three months.

“The block sizes vary from 1000sq m to 5000sq m,” Mr O’Connell said.

He said the second stage would open later this year with the third release scheduled for the end of the year or early next year.

Methven Professionals principal Geoff Earney.

Mooroolbark Traders Association president and Professionals managing director Geoff Earney said industrial land was almost non-existent in the area. “Land is such a premium out of here and there is none of it left,” Mr Earney said.

He said the land sale would allow heavy industrial companies into the area and introduce more employment opportunities for people living in the outer east.

“It’s smart of Boral to get rid of surplus land,” Mr Earney said. “We think it’s only a plus for the area for sure.”

Details: [e-mail] or 0409 944 220.