An owner occupier in the homewares wholesale business has paid $1.6 million off market and off-the-plan for an office/warehouse unit in Melbourne’s south-east.
An owner occupier in the homewares wholesale business has paid $1.6 million off market and off-the-plan for an office/warehouse unit at Keysborough in Melbourne’s south-east.
According to Savills Australia Senior Executive in the Industrial team, Paul Jones, who brokered the deal, the speculatively built facility comprises a 900 square metre precast building with high clearance warehousing and a secure yard.
Mr Jones said the building was sold off market only weeks after the vendor had settled on the land.
He said the location - the Key Industrial Park – had been the main selling point, given its close proximity to Eastlink.
Mr Jones said the purchaser, currently in Cheltenham, had sought a modern facility which would enhance operational efficiencies and provide quick and easy access to EastLink.
He said the acquisition was in line with the recent trend to owner-occupation as firms took advantage of favorable interest rates.
The vendor was a private Melbourne based developer.