Owner-occupier pays circa $5m for Clayton industrial property

Owner-occupier pays circa $5m for Clayton industrial property
Staff reporterSeptember 8, 2015

An owner-occupier in the merchandising and distribution sector is believed to have paid around $5 million for a substantial office and warehouse complex at Clayton in Melbourne’s south-east following an expressions of interest process managed by Savills Australia.

Located at 1808 Princes Highway the property comprises a 6250 square metre building, including a 1000 square metre office component, on a 12,250 square metre site.

According to Savills’ associate director, Daniel Kelly, the locality, the quality of the building with room for expansion and the prominent, highly exposed location were key considerations for the purchaser.

He said the purchaser was yet another tenant which had taken advantage of low interest rates to become an owner-occupier.

The vendor was a Melbourne based private investor.

Editor's Picks

Capri prepares to welcome residents to resort-style villa community on Isle of Capri
Buyers take advantage of WA stamp duty concessions as Incontro Subiaco apartments near 50% sold
Gold Coast buyers starting to think longer-term: Five minutes with SRQ Projects Director Nick Clydsdale
A "passion project" not to be repeated: Inside DJ Fisher's Pescado Palm Beach with Jayde Pezet
Why Danby Lane in Nundah is more than just a project for Gardner Vaughan Group: Five minutes with Sam Gardner