GrainCorp has offloaded a vacant high-profile grain silo facility in Melbourne’s west Sunshine.
On a 2.27 hectare long thin site, 2 Wright Street, abutting the train line south of Sunshine station, is speculated to be trading for $9.5 million to a developer with experience in medium density projects this side of town.
Within a residential precinct, but zoned Industrial 1, east facing occupants within any replacement project would enjoy Melbourne CBD view lines over train tracks.
They would also capture a west facing aspect over JR Parsons Reserve, Keith Millar Oval and Sunshine Park Tennis Club.
The 104 year old ASX listed vendor’s site is near a 2.7ha tract, 99 Derby Road, controlled by Martin Strode’s SMA Projects which is earmarked for dwellings and a Quest hotel in six storey structures (story continues below).
About 10 kilometres from the city, Sunshine has been considered a major activity centre by both major state governments for decades – former premier Steve Bracks last November branding it the potential capital of Melbourne’s west.
GrainCorp confirmed the sale of 2 Wright St when contacted adding it ceased receiving and storing grain and other products there, five years ago.
The campaign was launched and concluded while Melbourne was in lockdown.