Wilmac Clyde North, a purpose-designed Business Park with elite exposure and an elevated position in an area underpinned by thriving growth and significant private and government investment, will deliver a new community centrepiece in Melbourne’s thriving South East corridor.
Delivered by respected commercial developers, Wilmac Properties, Wilmac Clyde North has C2 Zoning and comprises 25 individually titled lots, ranging in size from 1,377sqm to 10,032sqm. The Business Park is located in the City of Casey, Melbourne’s third fastest growing municipality, where there is unprecedented demand for land specifically prepared for commercial, industrial and retail purposes.
Wilmac Clyde North is impeccably connected, only five minutes from the Princes Freeway, 20 minutes to Eastlink and an hour to the Melbourne CBD, and benefits from frontage to Bells and Sofra Roads in a high growth area that is anticipated to become a key traffic route with a direct connection the M1/Princes Freeway in the future.
LAWD and Cameron are conjunctional agents managing the Wilmac Clyde North marketing campaign.
LAWD Director, Henry Burbury, said Release 1, of only 12 lots, was officially launched to the market today, and had met inspired demand.
“We’ve seen astute developers keeping a close eye on the site and they were quick to secure three high exposure lots within this first release,” Mr Burbury said.
Chris Wilkins, Director Wilmac Properties, said attractive yields in the South East corridor, combined with the potential for strong rental growth, are making industrial properties in the precinct an in-demand proposition for buyers seeking stable, long-term returns.
“Over the past 12 months, prime industrial rents in the area around the Clyde North site have increased by an impressive 17% on average, and through the second half of 2023, the vacancy rate remained exceptionally low at 0.69%,” Mr Wilkins said.
“Tenants are paying premium rates to secure modern industrial facilities in prime locations, and net face rents in the south-east industrial market increased by 3.7% to $160sqm in Q4 of 2023.
“The growth in the City of Casey is creating unprecedented demand for land for commercial, industrial and retail purposes, and Wilmac Clyde North presents an exceptional opportunity to the market.”
Exceptional access and exposure
The master plan reinforces Wilmac Clyde North’s standing as a vibrant, modern business centre and park that has been meticulously designed through collaborations that highlight local heritage values, the natural environment, and First Nations culture.
The grand 25m wide eastern Entry Road is flanked by grassed verges and trees. Carefully planned internal roads feature generous 22m reserves for pathways and green spaces, and pedestrian pathways lead to focal points like the expansive 3,000sqm landscaped park, designed as a tranquil retreat for workers to relax.
Of most value to tenants is Wilmac Clyde North’s access to two key street frontages – Sofra Road, which holds strategic significance as a main thoroughfare for the future Hardys Road Major Town Centre and Sports Facility; and Bells Road, where a planned direct connection to the M1/Princes Freeway promises to generate enormous exposure and maximum visibility through a surge in traffic and demand for amenities.
Traffic analysis by Traffix Group in March 2024 forecasts 19,000 cars passing Wilmac Clyde North daily by 2026, and this will grow to 46,000 vehicles by 2046. Future developments in the region include upgrades to the Monash Freeway and South Gippsland Highway; a planned Inland Port in Dandenong South; and Thompsons Road and Clyde Road upgrades.
Rapid community expansion
Wilmac Clyde North is perfectly situated in the heart of a rapidly expanding community, guided by the Croskell Precinct Structure Plan. The City of Casey boasts over 411,000 residents and more than 11,750 planned and existing lots across its residential, commercial and retail heartland.
The Sports Facility and Hardys Road Major Town Centre is forecast to create more than 3,000 jobs and accommodate an additional 5,200 new residents.
The limited supply of new industrial properties, coupled with the robust demand from tenants, is expected to continue driving rental growth in Clyde North and the surrounding suburbs in the near term, given the tight market conditions.
“Wilmac Clyde North is surrounded by major developments, spearheaded by Australia’s most reputable developers,” Mr Wilkins said.
“It is poised for sustained development and prosperity, and investors seeking growth and investment within a dynamic and thriving community will find it a very appealing option.”
