Melbourne
Smash repairer takes shine to West Melbourne
June 22, 2022
Media Contact
Communications Director, Pacific
With a history dating back to 1960 and an existing centre in Fitzroy, the smash repairer secured 17-31 Radcliffe Street, West Melbourne.
The 3,582sqm site features a high-clearance 1,414sqm warehouse with seven roller doors, and a secure 1,300sqm yard.
The sale price reflects a building rate of $8,486/sqm.
On the corner of Radcliffe Street and Dynon Road, the property offers easy access to the City Link Freeway, Port of Melbourne and Melbourne’s CBD.
CBRE’s Bryce Pane and Ricardo Cappelletti negotiated the transaction on behalf of the vendors, Jcaw Pty Ltd and Mavro Psari Pty Ltd.
“The property attracted interest from occupiers, developers and investors from Melbourne and interstate,” Mr Pane said.
“Its main road corner location, just two kilometres from the Melbourne CBD, led to a record building rate in the suburb.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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.