Cadrys buys Melbourne industrial space through Savills

Cadrys buys Melbourne industrial space through Savills
Cadrys buys Melbourne industrial space through Savills

Sydney based rug importer Cadrys paid $2.5 million for an industrial facility at Noble Park in Melbourne's south-eastern suburbs in a deal brokered by Savills Australia.

The 130 Browns Road property, comprises a 2,561 square metre building, including 610 square metres of office space and a 1,951 square metre warehouse.

It was a 4,296 square metre site with 56 metres frontage to Browns Road, and 39 car spaces.

It last sold at $885,000 in 1981.

According to Savills Keith Kooloos, the property offered the tenant room to accommodate its stock and provided ample office space with room for a showroom and plenty of staff and customer parking.

He said the significant Browns Road frontage offered the tenant the option to utilize part of the office component as a showroom space with exposure to a busy interconnector between the Princes Highway and Monash Freeway.

“This was a very good fit for Cadrys in a location which provides both excellent exposure and quick access to major transport routes across Melbourne's busy south-eastern corridor,” Mr Kooloos said.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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Melbourne Industrial Sale

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