Dandenong warehouse smashes reserve at auction
A STREET frontage warehouse with vacant possession has smashed its reserve price at auction by $73,000 – having sold for…
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 STREET frontage warehouse with vacant possession has smashed its reserve price at auction by $73,000 – having sold for…
A LOCAL investor has purchased an industrial warehouse in the heart of MAB Corporation’s Translink Business Park for $575,000 at 13/37…