Colliers is exclusively bringing 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).

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