Melbourne, 08 October 2015 – Strengthening demand from owner occupiers looking to gain a foot in Melbourne’s Western industrial property market has underpinned more than $12 million in sales over the past two months.
Chinese-based consortium Forte Land recently secured a 7,462sqm industrial facility in Laverton North for circa $6 million with impending occupation for a related entity.
Located at 197-205 Boundary Road, the property offers a modern distribution facility offering dual street frontages to Boundary Road and William Angliss Drive within the corporate William Angliss Estate.
CBRE’s Harry Kalaitzis, who negotiated the sale in conjunction with fellow agent Todd Grima, said the property benefited from a prominent location in one of Melbourne’s premier industrial estates.
National Auto Glass Supplies has also acquired a presence in Melbourne’s western industrial market, securing a 4,008sqm facility in Derrimut for $3.78 million.
The new speculatively built facility, located at 31 Benn Court within the Westpark Industrial Estate, comprises a two level office, high clearance warehouse, large loading canopy, and multiple RSDs. The building is positioned on a secure fenced industrial site of 6,722sqm.
Mr Grima said the transaction was further evidence of the strong demand from owner occupiers in the western market.
“Current market conditions favours owner occupiers, which is highlighted by the growing momentum in this segment of the market,” Mr Grima explained.
Meanwhile, South Melbourne based business The Car Brokers has purchased a 2,360sqm facility in Altona North for $2.42 million.
Located at 2/405 Grieve Parade, the property comprises a modern two level office/showroom/warehouse, internal clearances of 10 metres, four container height roller doors and excellent exposure to Grieve Parade.
Mr Kalaitzis said the property’s location offering immediate access to the Westgate Freeway and CBD were major factors in purchasing the property for the relocation of its business and underpinning the sale .
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