Ladher Express make off market Dandenong South warehouse purchase

Ladher Express make off market Dandenong South warehouse purchase
Ladher Express make off market Dandenong South warehouse purchase

A low-site-coverage commercial property, near south-east Melbourne’s arterial road network, has sold for $5,700,000.

Logistics firm Ladher Express purchased the site at 46-62 Fowler Road, Dandenong South.

The site comprises of 26,080 square metres, and features a 2,190 square metre warehouse building.

CBRE’s Lachlan Ferguson and Ned Murphy managed The off-market sale.

“The site’s access to major arterials, namely the South Gippsland Highway, M1 and Dandenong Bypass,was a driving factor in this off-market acquisition,” Mr Ferguson said.

“There is currently an under supply of low-site-coverage assets in Melbourne’s south-east, and tenants and owner occupiers are prepared to pay a premium for this type of asset.”

The property previously traded in 2015, when it sold for $2,500,000.

Tags: 
Commercial Property Dandenong South

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