Mixed-use site snapped up for $3 million

A private motor dealership has paid more than $3 million for a prominent mixed-use site in Mill Park.

The 2 Oleander Drive, Mill Park, site of 5167 square metres was sold through expressions of interest by CBRE’s Jamus Campbell and Scott Orchard, and Gross Waddell’s Jonathon McCormack and Daniel Greenlees

The vendors were Gibson Property Corporation and Roche Property Group, who are developing the Mason Point precinct.

Campbell said the prominent location - in the prominent Mason Point development - was a key factor behind the sale. “Mason Point is one of the largest mixed-use developments in Melbourne’s north. It’s set to become home to more than 800 residents and the workplace for around 1,000 employees.”

Mason Point is anchored by Westfield, Bunnings, Masters and Toyota.

The site offers ready access to east and west connections between Epping and Greensborough via McDonalds Road, and also north and south connections between Whittlesea and the CBD via Plenty Road.

The property also has a street frontage to busy McDonalds Road which handles more than 20,000 vehicles per day.

For further information about Mason Point, visit www.masonpoint.com.au.