Ex-Toyota factory for sale with plans for housing, town centre
A former Toyota-owned site, part of a precinct rezoned for urban renewal in 2018, is for sale.
The 5.3 hectare property at 200-214 Blackshaws Road, Altona North, is expected to sell for c$40 million.
The planning scheme amendment established a framework to transition the area into a mixed-use neighbourhood with housing, offices and retail.
This site as earmarked for 395 dwellings.
The proposed town centre will include a medical centre, specialty retailer and supermarket, an operator which has pre-committed.
Toyota operated its major car manufacturing plant at 494 Grieve Parade, Altona North.
It sold 200-214 Blackshaws Rd for $4.7m in 2000.
200-214 Blackshaws Road
The Altona North property forms part of Precinct 15, a 67ha urban renewal area generally bounded by Blackshaws and Kyle roads, New Street and the West Gate Freeway.
It remains in industrial use, with 28,966 square metres of warehousing generating income.
Next door, Mirvac completed The Fabric, with 600 townhouses – an end value of c$350m (continues below).
That site spans 11.4ha.
Stockland’s Haven estate is also nearby.
The developer paid $48m for that 6.3ha property in 2017 with plans for 276 dwellings.
At 278–288 Blackshaws Rd, Altona North, it previously accommodated the Secon headquarters.
Stockland also owns the ex-George Weston Foods site at 248-268 Blackshaws Rd where it is expected to develop 74 dwellings..
The ex-Gilbertson Meat Processing Plant on Kyle Rd is another key Precinct 15 site.
Colliers’ Tim McIntosh and Jozef Dickinson are marketing 200-214 Blackshaws Rd.
Altona North is about 10 kilometres west of Melbourne’s CBD.
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