Industrial warehouse hits the market in the Sunraysia region amidst national undersupply

A large-scale modern industrial warehouse and food processing facility in the renowned Sunraysia Region in Mildura, Victoria has come to market, when demand for industrial reaches a record peak, with Colliers recording almost 1.5 million square metres leased in Q2 2022, for deals over 5,000 square metres.

99 Link Road, Mourqong comprises a 4.36 hectare landholding with 7,340 square metres of structural improvements, inclusive of a high quality food processing shed with cool rooms, blast chillers, a cluster processing shed and a modern industrial warehouse.

The property presents a prize investment opportunity with a record 5.6 percent increase in national weighted average prime rent for Q2 2022, and year on year growth of 13.8 percent, according to Colliers data.

Strategically positioned with over 420 metres of frontage onto the Silver City Highway, affording B-Double truck access, the property benefits from excellent connectivity with major road networks and towns at its doorstep.

The rare industrial site is exclusively listed with Duncan McCulloch, James Beer and Nick O’Brien of Colliers, who are expecting strong interest for the asset.

“We expect the opportunity will attract significant interest from institutional investors, horticultural groups and high net worth individuals.” Mr McCulloch said.

“While the recently constructed large industrial warehouse has historically been utilised for the processing of fruit, the property is also well suited to other uses including warehousing and logistics, as a distribution centre, a bottling facility and packing shed”. Mr McCulloch said.

The western portion of the site is zoned General Industrial and incorporates a high-quality food processing shed inclusive of cool rooms, blast chillers and a cluster processing shed utilised for the processing of pre-pack produce and cluster fruit. While the eastern portion is zoned Primary Production and includes a recently constructed modern industrial warehouse and drying area with a significant concrete hardstand and canopy.

“The property is only four kilometres from Mildura, which is currently experiencing unparalleled growth, offering a multitude of value add strategies for future occupancy, repositioning and further development.”. Mr O’Brien said.

99 Link Road, Mourqong is available via an Expressions of Interest campaign, closing 4pm (AEST) on Friday 2 September 2022.

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