Melbourne Commercial & Industrial Property Market Review - September 2024
“Designed to enable businesses by freeing up capital so they can expand...”
Opportunity and time to act in Victoria
As of 1st July 2024 all commercial and industrial properties transitioned to CIPT; effectively resigning stamp duty to extinction. Designed to enable businesses by freeing up capital so they can expand by entering into a 10-year transition agreement with government. Whilst this is fantastic news for new entrants to the market it hasn’t been the Victorian governments finest hour in explaining to the market the many benefits.
The 8 properties we have included provide opportunities to invest with income with household names like Chobani, invest with income whilst you decide whether to build childcare, a take-away (QSR), or renovate, invest in land ready to develop in Dandenong South (2 acres +) or Pakenham (2 acres) or simply upgrade your industrial space. We have many opportunities.
The property to the right is now complete offering 15,830m2 of building plus a super canopy of 2563m2, 13 metres clearance, 1000 amps, loading docks all set adjacent to the M1 Freeway. You can lease or buy this magnificent industrial asset so make the time to enquire.
Mark Bond, Facey Property