DEMAND for quality industrial stock continues, as buyers run rampant in Melbourne in a bid to snap up their own warehouse.
In a clear sign of strength for the smaller scale industrial market, Ray White Commercial Oakleigh agent George Kelepouris has completely sold a collection of 17 architecturally designed warehouses in Seaford’s newest estate.
The warehouses in this boutique gated development at 13-15 Curie Court Seaford, were snapped up by tradespeople, small businesses and investors.
“It proved to be an outstanding project, located in the very sought-after Seaford industrial precinct,” Mr Kelepouris said.
“In order to run such a successful campaign, the project should have a point of difference. In this case, the cutting edge style, modern facade and functional elements designed by Robert Pelicano Architects was the point of difference,” he said.
“The purchasers are all very proud to be part of this new and buzzing industrial estate.”
The total building areas across the 17 units ranged from 83sqm-162sqm, with 15 of the units including a mezzanine area.
“The properties come with high-end commercial finishes including kitchenettes, LED lighting, motorised roller doors with a selection of units also including rear yard access,” Mr Kelepouris said.
Mr Kelepouris said that the city’s industrial market is forecast to reach its highest level in 10 years during 2020.
“Melbourne’s industrial land values are growing at the highest rate nationally; this estate sold at rates between $2,900 – $3,200 per square metre, which is new territory for industrial stock in Seaford.”
Ray White Commercial Oakleigh
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