Tullamore Park: 590-620 Western Port Highway, Cranbourne West

TULLAMORE BUSINESS PARK

590 & 620 WESTERN PORT HIGHWAY CRANBOURNE WEST, VICTORIA

tullamore business park

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Cameron are excited to offer this significant Industrial land parcel strategically located within Australia’s most in demand growth corridor.

There is now an exceptional opportunity to acquire 78.78 ha of Urban Growth Zone 1 land with an Industrial Application.

The site offers an enormous 850m frontage to Western Port Highway and further connectivity through (in most cases) sold out adjoining estates.

The appetite of businesses to expand and relocate within this booming corridor is unparalleled. Significant upside exists for Cranbourne West as the market recalibrates to this most desirable location.

It seems inevitable that this location will mirror the desirability of estates only 5 minutes away that house distribution facilities the likes of Bunnings, L’Oreal, Woolworths, Aldi, Dulux, Amazon and Jayco.

Retail industrial land rates are predicted to follow the spectacular growth experienced by Dandenong South. Recent Dandenong South sales have pushed past $600 per m2.

It is with great confidence that we recommend this opportunity and invite your participation to acquire and masterplan this most strategic estate.

The property will be sold via Expression of Interest closing Thursday 24th October at 2.00 pm.

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Tullamore is positioned to be quite possibly the most strategic industrial land acquisition in Melbourne’s booming South East corridor for the foreseeable future.

tullamore business park

Upon analysis all indicators identify Tullamore as ideal for those wishing to compete at the premium end of our market. This memorandum will outline the drivers, linkages and opportunities that allow Tullamore to not only stand alone but replace traditional competitors within the Dandenong region.

These competitors which in most cases have been sold out, or developed out, attracted premium sales rates, rental rates and tenant commitments.

It is now Tullamore’s opportunity to assume this mantel.

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Property Summary

Address:

590 & 620 Western Port Highway, Cranbourne West, Victoria

Total Area: 787,800m2 (78.78 ha) Zoning:

Urban Growth Zone 1 which is the Cranbourne West Precinct Structure Plan and the Applied Zone CZ2 (Industrial Employment Interface and Business Park)

Features:

- Industrial Business Park Application - 850m frontage to Western Port Highway - Adjoining Completed Subdivision and Infrastructure - Outstanding Road Network Connectivity

Location:

- Approximately 40 km South East from Melbourne CBD - Victoria’s Premier Industrial Region

Council:

City of Casey

site details Address:

590 Western Port Highway

620 Western Port Highway

Area:

40ha (400,000m2)

38.78 a (387,800m2)

Particulars:

Lot 3 on POSD 123103

Lot Y on POSD 649683X

Frontage:

485 metres

366 metres

5

590 40ha (400,000m2)

W e st e

rn Po rt

Highw ay

tullamore business park

620 38.78ha (387,800m2)

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STRATEGIC OPPORTUNITY

HALLAM

st h

EASTLIN

K

DANDENONG SOUTH

gipp sla fw y SONS R D

CRANBOURNE

W e st e r

n P o rt Highw ay

nd

THOMP

CARRUM DOWNS

CRANBOURNE WEST

tullamore business park

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The location and scale of Tullamore allows it to be master planned as a premier estate adjoining historically the most popular industrial region of Melbourne.

Other regions such as Officer and Pakenham are evolving to offer supply to the South East market however lack the benefit of proximity to Dandenong and in turn the logistical advantage that Tullamore encompasses.

When Green Wedge Zone and Prencinct Structure Plan allocated residential areas are excluded from the landscape Tullamore’s strategic value becomes clear.

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masterplan a premier estate WITHin melbourne’s MAJOR industrial region

o na sh fw y

NARRE WARREN

BERWICK

NARRE WARREN STH

Green Wedge

OFFICER

Competition PAKENHAM

Developed Industrial Precincts Tullamore Business Park Industrial Growth Areas Residential * Markings are approximate

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Property Highlights

78.78ha

850m

74%

Rare land parcel

highway frontage

workforce growth

Presenting a last chance opportunity given current zonings and urban planning strategies.

Western Port Highway frontage.

Direct access from Western Port Highway allows significant branding and presence.

City of Casey’s residential growth indicates an expected population increase of 74% by 2041.

Develop into an Eco-Industrial park

INFRASTRUCTURE UPGRADES

This is a proven formula that has attracted premiums within our market.

Benefit from completed upgrade to Thompsons Road and outstanding connectivity to Eastlink and M1 Freeway.

THE NEW DANDENONG SOUTH

ATTRACT PRELEASE OR PRESALE CLIENTS

Supply Industrial land to an under supplied market. Ride the upswing of becoming the “New Dandenong South”.

Attract substantial prelease or presale clients. National and International companies have already given their stamp of approval to the area.

$650

Industrial Land Values 2009 - 2019

$600 $550 $500

$ RATE PER m2

Dandenong South

$450 $400 $350 $300 $250 $200 $150 $100 $50

2019

2018

2017

LATE 2016

EARLY 2016

2015

2014

2013

2012

2011

2010

$ 2009

Sample location: Greens Road, Dandenong South. Estates in close proximity to Eastlink.

Average size 3,000m2

tullamore business park

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THOMP

GREEN WEDGE

W

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n

Po

rt

Hi

ay ghw

TULLAMORE BUSINESS PARK

Become a substantial player within the region

SONS R D

10

MELBOURNE CBD

– – EASTLINK

– TH

SANDHURST

OMP

SONS

ROAD

–

tullamore business park

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DANDENONG

DANDENONG INDUSTRIAL PRECINCT DANDENONG SOUTH

CRAN BO

LYNBRROK

U

RNE TRAIN

E –W

E ST

RN

P

T OR

HIG

LINE

– AY HW

LYNDHURST

– TH

OMP

SONS

ROAD

–

CRANBOURNE WEST

–E

VA N

SR

OA D

–

TULLAMORE BUSINESS PARK

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THOMASTOWN

BROADMEADOWS TU

WE STER

LL

ER

Y

TULLAMARINE

E FW Y

FW

A RIN

LD

N

RO AD RING

AM

CA

HW

ESSENDON AIRPORT

Y COBURG ESSENDON

C I TY L I N K

ST ALBANS

HEIDELBERG

NORTHCOTE

DE E

RAVENHALL

R PA R K

SUNSHINE YP

B

FW

MELBOURNE AIRPORT

ASS

E A S T ER

FOOTSCRAY

BOX HILL

CBD

BROOKLYN

NF

RICHMOND W E S T G AT E FWY

SOUTH MELBOURNE

C ITY LINK

LAVERTON WILLIAMSTOWN

GLEN WA CAULFIELD

MULGRAV BRIGHTON

Y

MOORABBIN

SPRINGVA

MOORABBIN AIRPORT

MENTONE MORDIALLOC

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LOCATION

Tullamore’s location is of strategic significance.

Located 40kms from Melbourne’s CBD in the heart of one of Melbourne’s most popular industrial corridors. The site is 10kms from Dandenong CBD however most importantly it adjoins the Dandenong South Industrial Precinct regarded by developers and occupiers as the jewel of the south east.

FWY

Completed infrastructure upgrades including Thompsons Road, Peninsula Link, and Dingley Bypass combined with gazetted projects including Mordialloc Bypass, Pound Road Extension and various major road upgrades throughout the City of Casey which allow the unparalleled integration with Eastlink and the M1 Freeway.

AVERLEY

VE

ALE M

O

N

A SH

FW

TRAVEL TIME

EA S T

L I NK

Y DANDENONG

ps lan dH wy

Western

Gip

Thomps

Sth

Port Hwy

DANDENONG SOUTH

ons Rd

CRANBOURNE

FRANKSTON

EastLink

5 Mins

Dandenong South Inland Port

6 mins

M1 Monash Freeway

8 mins

Mulgrave

15 mins

Melbourne CBD

30 mins

Melbourne Airport

50 mins

Port of Melbourne

40 mins

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Development Potential The adjoining preliminary subdivision layout has been designed for the purposes of assessing the land for development potential, cost and serviceability. It does not reflect extensive design or detailed analysis.

The layout achieves a high level of compliance with the Cranbourne West Precinct Structure Plan and relevant planning controls.

Proposed subdivision seeks to: – Optimise the location and configuration of the retarding basins/wetlands to increase the net developable area.

– Create a central road network which enables the further subdivision of the lots in a manner which provides flexibility for future purchasers/occupants.

– Provides flexibility with access to Western Port Highway.

Development outcomes: – Create a premium business park attracting major pre-commitments for long term investment.

– Focus on a high quality eco environment for 21st century business.

– Flexibility to sell and hold areas as required.

– Maximise adjoining infrastructure to facilitate development options.

A detailed planning and engineering report is available on request

tullamore business park

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7.96ha 7ha

8.50ha

RN PO RT

H IG H W

AY

6.03ha

1.36ha

WESTE

4.92ha

8.68ha

12.05ha

2.95ha 4.90ha

KLM Spatial | SEPT 2019

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Method of Sale

590 and 620 Western Port Highway, Cranbourne West are being sold via an Expression of Interest closing Thursday 24th October at 2.00 pm.

The properties are to be sold in one-line.

The Expression of Interest pack compiled by Taylor Splatt explains the bidding process in detail and provides a formal submission document.

In summary it requests: • Total purchase price.

• Purchasers details.

• Key terms including deposit and preferred settlement. Noting vendor expectations are 20% deposit and 12 month settlement.

• Any other conditions associated with the offer.

• Expression to be submitted to the office of Taylor Splatt prior to 2.00pm Thursday 24th October.

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Further Information An Expression of Interest and Data Pack are available for purchasers requiring more detailed information to assist with due diligence.

This pack includes information compiled by Taylor Splatt from a variety of consultants to assist with the bid process.

Online Data Pack includes: - Expression of Interest Form - Contract of Sale and Section 32 - Planning and Engineering Report - Supplementary Reports Available online following registration.

Inspections of the property must only be by appointment and can be arranged by contacting the agents below.

AGENTS

Contact the following sales and marketing agents for more Information Ben Cooper 0425 76 76 77 bc@cameron.com.au

cameron.com.au

Angus Clark 0411 314 106 ac@cameron.com.au

David Johnson 0404 005 809 dj@cameron.com.au

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PLAN OF SUBDIVISION

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tullamore business park

DISCLAIMER This information memorandum has been prepared by Cameron. It is intended only as a guide and is an aid to further investigation by potential purchasers. All areas quoted are approximate. Potential purchasers accept this document on the condition that they will make their own enquiries and obtain their own independent advice.

Cameron provides this document on the condition that, subject to any statutory limitations on its ability to do so, Cameron disclaims liability under any cause of action including negligence for any loss arising from reliance upon this document. This confidential document is for the sole use of persons directly provided with it by Cameron and is not to be resupplied to any other person without the prior written consent of Cameron. GST Disclaimer: Cameron advises that the financial information in this report, relating to income, outgoings and the like is provided with out reference to the possible reference of GST, if any. Purchasers should make their own assessment of the impact of GST on the investments and the return derived there from after obtaining expert professional advice.

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TULLAMORE BUSINESS PARK 590 & 620 WESTERN PORT HIGHWAY CRANBOURNE WEST, VICTORIA