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  • Campbellfield industrial parcel sells under the hammer

Campbellfield industrial parcel sells under the hammer

Melbourne | 31 May 2017
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A high profile industrial development site in Melbourne’s northern suburb of Campbellfield has sold under the hammer to a food and beverage operator for $4.01 million. 

Located at 1537-1549 Sydney Road, the corner property comprises a 17,392sqm land parcel with 120 metres’ street frontage. 

CBRE’s Daniel Eramo and Dean Hunt, in conjunction with Killen & Thomas’s John Camilleri, negotiated the sale on behalf of the vendor, with more than 22 bids received during the competitive auction process. 

Mr Eramo said the property’s substantial size and exposure in a premium commercial precinct underpinned strong buyer interest. 

“The successful purchaser recognised the attractive opportunity to secure the highly exposed site, which will allow them to strategically position their business,” Mr Eramo said. 

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