This article is from the Australian Property Journal archive
A 9,763sqm development-ready industrial site in Melbourne’s west has been sold under the hammer for $1.37 million.
The 128 Paramount Boulevard Derrimut property comprises a cleared Industrial 1-zoned site, and is located within the Paramount Industrial Estate.
Colliers International’s Charlie Woodley and Ashley McIntyre handled the auction campaign.
Woodley said the property’s irregular shape did not dissuade prospective buyers.
“Land supply is limited at the moment and we are still receiving enquiries from people hoping that it passed in,” he said. “The Paramount Estate is known for being surrounded by excellent amenity and a sale at $140 per square metre is a fantastic result for our vendor.”
Australian Property Journal
