Industrial Owner-Occupiers Continue to Out Bid Developers

Industrial property continues to be the flavour of the year with developers and owner-occupiers jostling for sites across metropolitan Melbourne.

This has been demonstrated with the successful EOI sale of 22-24 Brunsdon Street, Bayswater. The overall site was 3,894 sqm approx with a planning permit for 7 buildings.

The whole site was sold for $3,210,000. to a local industrial developer. This represented a land rate of $824 psm.

For more details contact Matt Hoath 0418 543 714 or Rory White 0439 655 504.

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