Springvale Industrial Building Sold at Auction

Springvale Industrial Building Sold at Auction

A modern industrial building in a popular estate at Springvale in Melbourne’s south east has been sold at auction by Ray White Commercial Oakleigh.

The vacant property at 9/54 Smith Road, Springvale, was sold under the hammer to a local business operator for $371,000 by Ryan Amler of Ray White Commercial Oakleigh on behalf of a local investor.

Ryan Amler said the onsite auction for the approximately 135 sqm as-new building attracted three bidders.

“We had a mix of local and Chinese buyers competing for this property which is in a boutique industrial estate and sold for a rate of approximately 2,748 per sqm,” he said.

“A local business intends to owner-occupy the building which features container height warehouse clearance and onsite parking for two vehicles.

”The property offers easy freeway access to the Melbourne CBD and is close to Bunnings, Springvale shopping centre and Sandown Racecourse while a new shopping centre with Aldi and specialty shops is being built nearby.”