The property offers a total floor area of circa 795sqm, including a 655sqm showroom/warehouse and 140sqm of office space. It also provides six car parks on title.
“The asset sold before auction to Coffee Machine Warehouse, who were keen to secure a Princes Highway fronting showroom near the new M-City development and Monash University,” Mr Pane said.
“An estimated 60,000 vehicles pass the site each day, with the property also providing easy access to surrounding arterials including the Monash Freeway, Westall Bypass and East Link.”
For Australian/international news or global stories, follow us on Twitter: @cbreaustralia
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.