Berkeley sells up in Sunshine
Berkeley Apparel – which manufactured suits and other formal menswear – is selling a Sunshine warehouse and distribution centre.
The 2.2 hectare block at 501-503 Ballarat Road, on the south west corner of Anderson Road, is being marketed by Dawkins Occhiuto’s Chris Jones, Andrew Dawkins and Walter Occhiuto.
The guide is $20-million plus.
About 12 kilometres west of the city, it contains 12,513 square metres of area – presently two tenancies.
The vendor is offering it with a part-leaseback.
It returns total annual rent of $1.445m.
Berekely’s listing comes a month after the 79 Wellington St, Collingwood, warehouse long owner-occupied by rival, Travellers, was razed for a hotel (story continues below).
Site suits developers
Within the Sunshine Activity Zone, the land allows for several development outcomes including high density residential.
Sunshine is a major activity centre – the government is forecasting a 69pc population rise by 2041.
The Airport Rail Link is planned to pass at it.
The proposed suburban rail loop will also stop there.
Last November former premier Steve Bracks said Sunshine should be considered the capital of Melbourne’s west – and is as important to Melbourne as Parramatta is to Sydney.
