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Industrial investment in Melbourne’s Clayton South sells at auction for $461,000

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.

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