Industrial sites in Sydney and Melbourne on the market

Two industrial sites, one each in Sydney and Melbourne, totalling more than 20 hectare are being put up for sale by a corporate through real estate firm JLL.

While the Sydney site is 5.75 ha, the Melbourne offering is 16.7 ha and represent some of the last remaining large land parcels in South Sydney and Williamstown North industrial precincts, according to JLL.

They will be offered as a portfolio or separately via an expressions of interest campaign.

The Sydney site is at Coal Pier Road, Banksmeadow (above) and near Port Botany, Botany Bay and Sydney Airport. Major occupiers surrounding this land holding include Kelloggs, Visa Logistics, Toll, TNT and Bidvest. It will be offered for sale by JLL’s Michael Fenton and Blair Peterken. 

The Melbourne site at 85 Maddox Road, Williamstown North is currently vacant and is located west of the Port of Melbourne and the Melbourne CBD. 

The properties are being sold off as they are non-essential to the company’s operational requirements. 

Both are expected to attract domestic as well as international investors.

“Investors remain attracted to industrial development sites due to the lack of stabilised investment opportunities on offer,” Fenton said.