Clyde North Mixed-Use Hub Brought to Market

Recently completed retail and office building leased to Mirvac Group with significant upside possibilities.

Colliers is pleased to exclusively bring to market for sale a Mixed-Use Hub in Melbourne’s booming Clyde North. The recently completed retail and office building is fully leased to Mirvac Group and provides significant future upside.

The offering features a two-level freehold building completed in 2023 and boasting high-quality finishes, great natural light, and energy-efficient systems across 632 sqm of GLA. The property is prominently situated on a site area of 2,334 sqm and provides convenient car parking on site.

Lucas Soccio, Colliers Executive of Investment Services, said, “This asset presents a unique opportunity to acquire a recently completed building underpinned by a secure lease to ASX-listed company Mirvac. The ability to obtain an income-producing asset with considerable future repositioning and development upside is a rare and attractive proposition.”

This secure investment opportunity is 100% leased to Mirvac Group and provides an attractive rental return. The building’s flexible layout and multiple workspaces enable various future uses with medium-term rental and capital growth potential through repositioning or redevelopment to meet the diverse needs of the growing Clyde North residential catchment.

Colliers Director of Retail Middle Markets, Tim McIntosh added, “Clyde North forms an integral part of Melbourne’s south-east growth corridor, one of the fastest growing municipalities in Australia that is significantly underserviced with retail and commercial amenity due to the rapid ongoing population growth.”

Smiths Lane, the master-planned community developed by Mirvac, is located in the suburb of Clyde North and at completion will be home to approximately 7,500 residents. Positioned 53km from Melbourne, 10km east of Cranbourne, and 9km southwest of Pakenham, Smiths Lane is part of Melbourne’s rapidly growing southeast growth corridor undergoing significant development.

35 O’Connor Avenue, Clyde North, is being offered for sale through Expressions of Interest, closing Thursday, 28th November 2024, at 2pm (AEDT).