Major Rowville facility sold to transport company

A significant freestanding facility in a tightly held pocket of Melbourne’s south-eastern industrial market has been sold for more than $9 million.

Colliers International’s Justin Fried and Andrew Chrapot, in conjunction with Daniel Kelly and Lynton Williams of Savills, have sold 830 Wellington Road in Rowville.

“This significant freestanding cool room, dry store and office facility has been well maintained and was offered for sale with short term income from national long standing tenant, Parmalat Australia Pty Ltd,” Mr Fried said.

The Rowville precinct is located within easy access to all of the major south eastern arterial roads, with the Eastlink diamond interchange within 800m and 3km from its interchange with the Monash Freeway.

Mr Kelly said the large main road site comprised 2.656ha on one title with a site coverage of around 30%, offering flexibility with near immediate owner occupation, expansion or redevelopment potential, subject to council approval.

It was secured by a Melbourne-based, privately-owned transport businesses with operations already cemented in Melbourne’s south east.

The property comprised a total building area of 8,801sqm (approx.), including 4,690sqm of chilled warehouse space with multiple loading docks on two sides of the building.