OFF MARKET

89 Camms Road
The Patch VIC 3792

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 130700m2
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Property Details for 89 Camms Rd, The Patch

Building Type
Commercial
Land Size
130700m2
Local Government
Yarra Ranges
Lot/Plan
3/PS338476

Last Listing description (July 2024)

LAWD, in conjunction with Colliers, are delighted to present for sale, 89 Camms Road in the Patch, a rare opportunity to acquire a 13.068ha* industrial investment opportunity which provides long term higher order redevelopment (STCA) and landbanking potential within Melbourne's supply constrained eastern growth corridor.

Benefiting from approximately 18,288sqm of highly functional and versatile manufacturing improvements, the offering provides prospective purchasers with numerous value add/redevelopment possibilities and a secure short-term holding income of $1,650,000 per annum net.

Key Property Features:

+ Secure industrial investment/landbanking opportunity within Melbourne's Eastern corridor
+ Secure short-term holding income of $1,650,000 per annum net
+ Substantial scale of13.068ha* across two contiguous titles
+ Potential to appeal to a wide array of prospective purchaser's including but not limited to high-net-worth investors, landbankers and owner occupiers
+ 18,288sqm*of highly functional and versatile improvements which are suited to a diverse pool of occupiers/sector types
+ Multitude of value-add, repositioning & redevelopment opportunities provided by the dual Industrial Three (IN3Z) and Green Wedge (GWZ) zonings of the property (STCA)
+ One of the last remaining sites of this nature throughout the wider Eastern region of Melbourne

89 Camms Road is available to purchase via Private Sale.

Please contact a member of the LAWD or Colliers team to organise an inspection or to receive an Information Memorandum (IM).

LAWD
Darcy Tobin - 0433 644 166
Henry Sayers - 0412 318 813

Colliers
Daniel Telling - 0427 746 472
Richard Wilkinson - 0431 156 990

*Approx

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Property History for 89 Camms Rd, The Patch, VIC 3792

A timeline of how this property has performed in the market
Last Sold
$2,800,000
14 Dec 2000
  • 17 May 2024
    Listed for Sale Contact Agent
  • 14 Dec 2000
    Sold for $2,800,000
  • 07 Dec 1981
    Sold for $920,000

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About The Patch 3792

The size of The Patch is approximately 3.7 square kilometres. It has 4 parks covering nearly 1.8% of total area. The population of The Patch in 2011 was 1,039 people. By 2016 the population was 1,069 showing a population growth of 2.9% in the area during that time. The predominant age group in The Patch is 40-49 years. Households in The Patch are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Patch work in a professional occupation. In 2011, 87.2% of the homes in The Patch were owner-occupied compared with 89.3% in 2016.

The Patch has 424 properties. Over the last 5 years, Houses in The Patch have seen a 38.17% increase in median value. As at 30 September 2024:

  • The median value for Houses in The Patch is $1,093,374 while the median value for Units is $960,923.
  • Houses have a median rent of $420.
There are currently 5 properties listed for sale, and no properties listed for rent in The patch on OnTheHouse. According to CoreLogic's data, 10 properties were sold in the past 12 months in The patch.

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