Offmarket industrial site sale highlights innerwest demand
Off-market industrial site sale highlights inner-west demand
| 7 May 2019
Property development and fund management specialists, Maximise Group, has purchased 6,277sqm of industrial land within the tightly held Williamstown commercial precinct for $4 million.
The property at 20 Ponting Street, just 7km from the CBD, offers sizeable dimensions and a frontage of more than 82m.
Located near an affluent residential catchment, where storage and business opportunities are highly sought after, the Industrial 1 Zone site in Melbourne’s inner-west offers developers a range of development options.
Mr Cappelletti commented; “At the vendors request, the property was sold via an off-market treaty within a short timeframe.”
“The ability to sell a site of this scale off-market highlights the demand for inner-west industrial development opportunities,” Mr Cappelletti added.
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