Asking Price: $2,000,000

Stonebridge Property Group is pleased to present for sale, 5-7 Cromwell Parade, West Footscray.

5-7 Cromwell Parade, West Footscray, is a substantial industrial building and landholding within close proximity to the Geelong Road/ Princess Hwy.

The property boasts a total building area of 1,800 sqm* which a large majority is highly flexible warehouse/manufacturing space plus a first-floor office.

Key highlights of the opportunity include:

• Existing improvements comprise a multi-functional 1,800 sqm* warehouse/office complete with 4 x high-clearance roller doors and 2 x separate pedestrian access points
• Substantial 1,393 sqm* landholding zoned Industrial 1 (IN1Z), allowing for uses including but not limited to office, industrial, retail and other commercial uses (STCA)
• Expansive street presence with a frontage of 30.5 m* to Cromwell Parade with multiple truck crossovers for ease of loading
• Large loading bay capable of accommodating 2 trucks, along with impressive food processing improvements, including cool rooms, climate-controlled grow rooms, 8 x stainless water tanks, open-plan food processing floor, and 3-phase electricity
• Offered with a short-term lease, providing flexibility for owner-occupiers, investors and value-add developers
• Noting the food processing improvements the building is perfect for food manufacturing, processing, warehouse, office/showroom, packaging and/or many other uses (STCA)
• Located in the tightly held West Footscray industrial precinct, with no other industrial opportunities on the market as of October 2024
• Situated in the highly active western end of West Footscray, with immediate access to Tottenham Station (1.5 km*), Hungry Jack's Burgers (1 km*), Le Mans Toyota (450 m*), $1.5B New Footscray Hospital (3.7 km*), and Central West Shopping Centre (2.2 km*) including ALDI, Coles, BWS and Coffee House
• Strategically connected to the Melbourne CBD (7.5 km*) and surrounding suburbs via Geelong Road/ Princess Hwy (100 m*), plus immediate access to major transport arterials Somerville Road (150 m*) and West Gate Fwy (2.2 km*)

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

*Approximately