Issue 53 | The Property Development Review

Property Listings – VIC

ICON MORWELL INDUSTRIAL LAND NOW SELLING STAGE ONE - 90% SOLD OUT, STAGE TWO - NOW SELLING GIPPSLAND’S PREMIER INDUSTRIAL & COMMERCIAL ESTATE LOT A Princes Drive, Morwell, VIC, 3840

Investment Highlights: • Industrial 1 Zoning: As per the Morwell East

ICON Morwell is Victoria Gippsland’s premier new industrial and commercial estate. Spanning 100 hectares*, this estate is strategically located at the intersection of Princes Drive and Alexanders Road. It features industrial developable land, a mixed-use commercial and retail hub, a petrol station, and parklands, catering to small, mid, and large-scale occupiers and investors. • Civil & Earth Works Sub-Division Commencing Sept 2024 • Available Lots 1,857m²* - 15,860m²* • Adjoining Mixed Use Commercial Precinct On behalf of Homeington Building and Developments, First National ~ Hall & Partners and First National ~ Central Kw Commercial are pleased to offer industrial lots to the market for sale within the premium ICON MORWELL Innovation Business Park.

Suitable for occupiers and investors looking for developable industrial land. Morwell, the commercial hub of the City of Latrobe, is one of Gippsland’s largest regional precincts. The area is seeing significant investment with multiple renewable energy projects, Latrobe Regional Hospital upgrades, and various infrastructure and facilities enhancements. For more information about this exciting development, including a copy of the Information Memorandum and Price Lists, please contact the First National Commercial Real Estate selling agents.

Industrial Precinct Development Plan. • Serviced Lots: Delivered benched, levelled, and serviced upon settlement. • Lot Sizes: Available from 1,857 • 15,860 sqm*. • Ready to Build: From Q3 2025 • Utilities: Services upon settlement include electricity, water, gas, sewerage, and NBN-ready communications. • Premier Estate: Set to become Victoria Gippsland’s largest industrial estate. • Amenities: Adjacent to a 10-hectare* commercial and retail hub, offering excellent employee and customer amenities. • Accessibility: 1.3 km* to Princes Freeway (M1), providing direct access to Traralgon, Moe, Warragul, and Greater Melbourne.

Vincent Golf

+61 404 036 123

Jackie Lyons

+61 397 920 265

Frank Palermo +61 427 049 696 Mary Ioannou +61 411 842 921

54 – June / July 2024

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