Melbourne, 16 March 2014- Small land sales are on the charge again with record sales rates occurring at the Orbis Business Park in Melbourne’s western industrial market.
Located in the country’s largest industry sub-market, the MAB owned business park is fully serviced and features superb amenities including onsite childcare and café.
Tom Hayes and Harry Kalaitzis from CBRE are marketing the estate in conjunction with Joel Davy, Dane Nichols and Matt Crofts from Knight Frank.
Mr Hayes said the recently released Stage 6 had been a roaring success with small lot land sales of 1,200sqm selling aggressively off-plan to private developers and small business owners.
“Land sales rates are now showing results in the $205sqm plus bracket which is very positive to see,” he added.
A 1,272sqm lot sold in December last year for $209sqm plus GST. Bigger lots are also selling well, with four lots between 3,000sqm and 6,000sqm going for a record rate of $240sqm plus GST.
The Orbis Business Park is now close to complete, with only a few prime small lots remaining. For further information in acquiring blocks, contact Tom Hayes or Harry Kalaitzis of CBRE’s Western Industrial team on 0413 997 703 or 0409 994 419.
For Australian/international news or global stories, follow us on Twitter.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website atwww.cbre.com.au.