Coburg’s Batman Markets site is back on the market and carrying a $40 million tag.
The 2.56 hectare site at 14-22 Gaffney Street, next to Batman railway station, was once a military textiles factory.
More recently, it’s been operating as the Batman Royale function centre and film production studio. There’s also a 40-space co-working office called Mr Gaffney.
ATI Australian Texturising Industries, bought the property from Australian Defence Industries in the mid-1990s for $3.35 million.
The large site has six buildings covering 12,142 sq m and parking for 270 cars. Fully let, it could earn up to $1.92 million a year.
Melbourne Acquisitions agents Dominic Gibson and James Latos are handling the tender, which closes on October 21.