10 top picks for commercial real estate in Melbourne’s southeastern suburbs
From slices of land to industrial plots with plans for infrastructure ready to go, Melbourne’s southeast has plenty on the market.
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From a car yard to industrial development opportunities, Melbourne’s southeastern suburbs have rich pickings for canny commercial investors.
In one of the fastest expanding growth corridor in the country, Cranbourne and Devon Meadows have some of the best opportunities for investors to get a foot into the southeastern market.
Here are 10 of the best commercial real estate picks currently for sale.
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188 Sladen St, Cranbourne
Nestled in the heart of Cranbourne, this development site is waiting for the right owners to open the door for its full potential.
Listed by Cameron Real Estate, 188 Sladen St in Cranbourne is ready to be home to anything from a GP’s office to a childcare centre.
With access to South Gippsland Hwy and the Western Port Hwy, the 920 sq m block was last on the market 20 years ago, where it sold for $395,000 in 2004.
You can find more information about this property here.
1455 South Gippsland Hwy, Cranbourne
A versatile spot for an investor or developer, this South Gippsland Hwy property with an established workshop and secure storage unit opens the door for development or leasing opportunities.
Listed by Cameron Real Estate, 1455 South Gippsland Hwy in Cranbourne is a 4519 sq m lot, equipped with 3 Phase power (for industrial appliances), a working mechanic pit, a gravel yard and ample space for a variety of uses.
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Directly opposite the Cranbourne Racecourse and already zoned as an Activity Centre, it gives a future owner a range of development options.
You can find out more about the property here.
2 Morialta Rd, Cranbourne West
With business at the front and party in the back, this dual-use property is perfect for an owner/occupier.
Listed by Cameron Real Estate, 2 Morialta Rd in Cranbourne West is a newly built office/warehouse space with on-site parking.
The 863 sq m premises is located on a secure, corner position in the industrial centre of Cranbourne West, with easy access to major arterial roads.
You can find out more about this property here.
785 Cranbourne-Frankston Rd, Cranbourne South
As one of the largest landholdings still available in the fast growing Cranbourne South, this property has already been earmarked for future residential development.
Listed by CBRE Real Estate group, 785 Cranbourne-Frankston Rd in Cranbourne South is located within the approved Brompton Lodge Precinct Structure Plan, as well as being in proximity to local schools and shopping precincts.
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The property is also surrounded by green wedge and farming zoned areas, as well as being neighbour to Ranfurlie Golf Club and Settlers Run Golf and Country Club – two courses listed in Australia’s Top 100 golf courses.
The land has been opened for international public expressions of interest, opening the door to a multitude of potential new owners.
You can find out more about this property here.
34 Futures Rd, Cranbourne West
A high exposure corner allotment has entered the real estate market in Melbourne’s southeast, with massive opportunities for development and leasing.
Listed by Gross Waddell ICR Pty Ltd, 34 Futures Rd in Cranbourne West is located in one of the fastest growing industrial precincts in Melbourne’s southeast.
For a price point of $1,160,000, the property is zoned under Urban Growth, with major exposure on both Futures Rd and Paramount Blvd.
You can find out more about this property here.
Lot 4 – 1475 Thompsons Rd, Cranbourne North
Another highly coveted corner spot, this property is the last lot available for investors in the Cranbourne North industrial estate.
Listed by Cameron Real Estate, Lot 4/1475 Thompsons Rd in Cranbourne North is a Commercial Zone 2 lot, with street frontage on both Thompsons Rd and Medley Dr.
It’s the perfect spot for an owner-occupier to develop and has easy access to Narre Warren Rd, South Gippsland Hwy and Berwick-Cranbourne Rd.
You can find out more information about this property here.
1-44/1455 Thompsons Rd, Cranbourne North
With warehouse/office spaces already being built on this property, owner-occupiers and investors alike have the opportunity to get their hands on up to 44 spots in the industrial neighbourhood.
Listed by Cameron Real Estate, 1 – 44/1455 Thompsons Rd in Cranbourne North have spaces ranging between 90 sq m and 514 sq m.
With 50 per cent of the warehouses already sold, construction on the warehouses is estimated to be complete in the middle of 2025.
You can find out more about this property here.
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1250 Ballarto Rd, Cranbourne East
Just 50 minutes out from Melbourne’s CBD, this property offers investors one of the last opportunities to buy into the booming Cranbourne East industrial estate.
Listed by Cameron Real Estate, 1250 Ballarto Rd Cranbourne East is a 20,160 sq m property zoned inside the Cranbourne East PSP.
It has access to major arterial roads including the South Gippsland Hwy and Cranbourne Rd, with more than 100m frontage on Ballarto Rd.
You can find out more about this property here.
60 Devon Rd, Devon Meadows
Nestled into the heart of Devon Meadows, this property is one of the only remaining land parcels left in southeastern suburb available to investors.
Listed by Raine and Horne, 60 Devon Rd in Devon Meadows is just minutes from the Cranbourne Park Shopping Centre and other local primary and secondary schools.
Ripe for investors picking, you can find out more about this property here.
11 Collison Rd, Cranbourne East
Located close to already established residential communities in the City of Casey, this 11,011 sq m property has major development opportunity for a future owner.
Listed by Mandy Lee Real Estate, 11 Collison Rd in Cranbourne East is part of the Collison Estate Development Contributions plan, as well as being nearby to St Peter’s College and other local schools.
You can find out more information about this property here.
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