A local investor has purchased a vacant property within the Access Altona Estate for $3.32 million.
Occupying a prominent corner location, 82 Drake Boulevard, Altona, is a 3,858sqm block with a 2,000sqm building that would suit a wide range of tenants.
Access Altona Estate is a highly sought-after location in Melbourne’s west, offering easy connections to the Princes Highway.
A spring height of 10 metres is accompanied by quality office and showroom space, the scope for a yard display and drive-through capability.
CBRE’s Ricardo Cappelletti, Lachlan May, Fergus Pragnell and Tom Murphy managed the private sale campaign on behalf of the vendor, Drake Boulevard Pty Ltd.
“This property has attributes that are often sought but rarely found, including a 10-metre spring height and generous yard space on a corner block,” Mr Cappelletti said.
High-profile neighbours in Altona include DB Schenker, Form 700 and Godfreys.
“The campaign attracted interest from investors and owner occupiers, and the successful investor believes the property’s attributes minimise its vacancy risk,” Mr May added.
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.
