THE demand for industrial and commercial properties in Clayton South has continued as a warehouse/office sold under the hammer for $615,000 at 20 Prestige Drive.
The asset, that came with a 303sq m* total building area and included 182sq m* of bonus mezzanine level space, was sold as vacant possession to a local owner-occupier.
The property was marketed and sold by Ray White Commercial Oakleigh Sales/Leasing and Operations Manager Ryan Amler.
Mr Amler said Clayton South’s popularity continued to increase with a large number of local owner-occupiers looking to get into the Melbourne suburb.
“We’ve had a number of sales in Clayton South in recent times and the fact we had five competing bidders for this property highlights the area’s popularity,” Mr Amler said.
“Bidding started at $540,000 and it took another 18 bids to reach the final sale price of $615,000, a good $35,000 over the reserve price.