Most units sold as Melbourne's $15 million Keysborough business park nears completion

Most units sold as Melbourne's $15 million Keysborough business park nears completion
Most units sold as Melbourne's $15 million Keysborough business park nears completion

All but one of the units at a 2+ plus business park at Kirkham Road in Melbourne’s Keysborough have sold ahead of completion of the 8,350 square metre development later this month.

The project was a joint venture between commercial developer Elite Property Group and Bayport Group.

Thirty-four units were on offer at the 2+ business park and sold for on average $1,800 per square metre to local businesses and investors, said a media release.

This follows Elite Group’s recent construction of the $25 million Port Melbourne Industry Park – a joint venture with the Spigelman family. The development has attracted occupiers such as Lorbek luxury cars and Reece, with selling rates topping $3,000 per square metre.

Elite’s managing director Leo Iazzolino said the group looks for locations with access to arterial roads and freeways.

“There’s no doubt the proximity to good transport links is an important factor for would-be purchasers,” says Iazzolino. “Extra kilometres means extra dollars for businesses.”

The 2+ business park is adjacent to EastLink and Port Melbourne Industry Park next to West Gate Freeway.

The leading agent for the 2+ Business Park is Renato Daniele from Collins Commercial & Industrial.

Established in 1994, Elite has designed and built a number of commercial buildings in Melbourne’s south-east where the construction of EastLink has helped drive investment.

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Office Market Commercial Development

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