Rowville office warehouse fetches $13 million

11 October 2018

An industrial office/warehouse in Rowville has sold for $13 million for the first time in 20 years to a local owner-occupier, highlighting the tightly held nature of Melbourne’s south-eastern industrial precinct.

Kosta Filinis and Lynton Williams of Savills Industrial brokered the off-market deal for 800 Wellington Road at a land and building rate of $1,600 per square metre.

“The sale demonstrates the current strength and depth for established, large-scale facilities in this tightly held, fully developed industrial precinct of Melbourne,” Mr Filinis said.

Mr Filinis went on to say that due to the proximity to Eastlink, assets in the Rowville precinct were in strong demand from both owner-occupiers and investors.

“The precinct is highly regarded and with very limited supply, industrial values are on a strong upward trajectory.”

The 20,940sq m site enjoys a main-road position and encompasses an 8,140sq m building, including 774sq m of office space and multiple loading docks.

The building also has a canopy and a 9.5-metre internal height clearance with early suppression, fast response (ESFR) sprinklers.

The vendor was represented by Charter Keck Cramer.

 
 

Key Contacts

Kosta Filinis

Kosta Filinis

Director
Industrial & Business Services

Savills Notting Hill

+61 (0) 3 9947 5106

 

Lynton Williams

Lynton Williams

Director
Industrial & Business Services

Savills Notting Hill

+61 (0) 3 9947 5101