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In December 2019, FR Investments has purchased this site which has a land size of 2,746m2 and an existing warehouse of 1,700m2. The site was leased back to the current occupier with a 5x5 year lease and an annual rental income of $495,000 pa, including annual increases of 3%.
FR Investments also has permits approved for a 56 level high-rise.
The current lease contract contains a 12 month demolition clause, if and when, construction is to be commenced on its intended use.
STATUS: Permits approved for 56 level high-rise
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FR Investments Group secured this property back in December 2021 and has already re-negotiated two new leases with existing tenants, Soilworx.
Since the the acquisition of this site, FR Investments has been working on a best use design alongside Urbis, with 100% of the subdivision plans having already been allocated and sold.
Each lot is designed with dimensions to ensure the greatest flexibility of design to allow occupiers to maximise their business operations as well as net developers the highest possible returns whilst maintaining terrific lot access for each property offered.
The site is ideally situated with direct access to Ballarat Road, enabling efficient access to the Freeway network and Sunshine precinct which will be bolstered by the upcoming airport rail link.
Costco is in the process of purchasing Lot 10 of this subdivision and will be developing their next supermarket adjoining these lots.
STATUS: Plans & Permits
FR Investments Group in partnership with Manor Property Group secured this property in August 2023. A 31 lot subdivision has been approved with 70% of the lots already sold. All contractors have been engaged and construction has commenced.
STATUS: Construction has commenced
FR Investments Group has acquired this site in partnership with Manor Property Group. A 37 lot subdivision has been approved. All contractors have been engaged and construction has commenced.
STATUS: Construction has commenced
Email:
info@frinvestmentsgroup.com.au
maurice@frinvestmentsgroup.com.au
fernanda@frgroupsite.com
Email:
info@frinvestmentsgroup.com.au
maurice@frinvestmentsgroup.com.au
fernanda@frgroupsite.com
While every effort has been made to ensure the information contained herein is correct at the time of issue, the enclosed information is subject to change at any time.