Gibson Property Corporation (GPC) and McMillan Property Group (MPG) are pleased to announce the completion of construction at The Hive. This new business destination is situated within the highly sought-after South Morang Activity Centre which is located only 23kms from the Melbourne CBD.
Built by Texco Construction, and designed by innovative architects Watson Young, this development provides an efficient and practical solution for many business types.
In total, the development is comprised of 43 warehouse spaces and five showrooms. Tenants will have the opportunity to secure an extremely affordable long-term lease of the showrooms, all of which come with seven car spaces, their own kitchenette, bathroom and shower. Only 24 premium warehouses remain for sale or lease. These units start from $210,000 + GST to purchase and from $15,000 per annum plus GST and outgoings to lease.
The Hive is located less than 1km from the South Morang Train Station and has a SmartBus stop on its doorstep. This business location also offers access to major arterials such as the Metropolitan Ring Road and Plenty Road within a short drive.
Gary McMillan of MPG said, ‘’South Morang is and was always going to be one of the better designation points in the North East of Melbourne. The investment opportunities are very sound as most major automotive houses have committed to South Morang. This quality development will do well and its excellent location supports the growth opportunities in South Morang.’’
Charles Gibson of GPC said, ‘’The location of this new business destination is second to none. There is an extreme supply shortage for these warehouse offices and showrooms within the South Morang Activity Centre and surrounding areas.”
“The price point offers a great opportunity to secure a business base that is affordable in a brand-new development. There has been a strong interest around the flexibility of sizes on offer and the fantastic access to amenities is hard to beat.’’
Lot sizes range from 60sqm to 500sqm. The Hive is located within walking distance to the following destinations:
- Westfield Shopping Centre (800m walk)
- South Morang Train Station (950m walk)
- Bunnings Warehouse
- Cafes and Restaurants.
The Hive is selling from $210,000 +GST and leasing from $15,000 per annum plus outgoings.
For more information, visit hivesouthmorang.com to register your interest.