Brix Property Group has made an acquisition of a strategic 6.65 Hectare Industrial Zoned site in Melbourne’s South East. The site has been jointly acquired by Brix Property Group and Costa Asset Management.

The Seaford site enjoys over 220

metres of frontage to busy Frankston-Dandenong Road. Strategically positioned within Melbourne’s South East which enjoys some of the lowest vacancy rates amongst industrial properties and has very limited future supply of industrial land left, particularly in the sought-after bayside suburbs. The Groups will commence work on a town planning application which will focus on the subdivision of the site into industrial land lots, with a component of the site to be retained and built out by the two Groups.

Status Planning

Property Type Industrial

Site Area 6.65 Ha

End Value TBC