Industrial complex sells for almost $800,000 over reserve
A local investor has snapped up a Moorabin industrial complex for $4,775,000 at auction, almost $800,000 above reserve. Located at 1-12,…
A local buyer has bolstered their SMSF portfolio with a Clayton South industrial strata investment sold for $461,000 through Ray White Commercial.
The office-showroom-warehouse at 60/248-266 Osborne Avenue sold at auction under the hammer for $61,000 above reserve, Ray White Oakleigh agent George Kelepouris says.
The owner of a neighbouring property was one of four parties bidding at the on-site auction.
There were 53 inquiries received during the sales campaign for the property, which was offered with vacant possession on behalf of the vendor, a local investor.
“The property had been exceptionally transformed and represented an opportunity to acquire a turn-key premium industrial property in a secure and tightly held complex,” Mr Kelepouris says.
Zoned Industrial 1 (IN1Z) and with 10 on-site car spaces, the property’s total building area of about 220sqm includes around 110sqm of office fit-out.
The site is on the corner of the aptly named Deals Road.
Clayton South is 21km south-east of the Melbourne CBD.
A local investor has snapped up a Moorabin industrial complex for $4,775,000 at auction, almost $800,000 above reserve. Located at 1-12,…
A Mulgrave industrial complex sold under the hammer for $4.95 million on Thursday. Located at 1-7/16 Rosemary Court, Mulgrave, the property…