This article is from the Australian Property Journal archive
HEAVY transport and commercial vehicle repairer Re-Car has bought an industrial facility at Clayton South in Melbourne‘s south-east.
Savills Australia and Michael Lewin of KBL Commercial sold the property on the corner of 502-520 Clayton and Fairbank roads for an undisclosed price.
The vendor was a Melbourne based private investor.
According to industry sources, the property sold for approximately $4.5 million.
Savills senior industrial executive Daniel Kelly said the purchaser would move its business from its current home in Wellington Rd Mulgrave and redevelop currently under-utilised areas of the property (STCA) in the longer term.
Kelly said the property was sold with vacant possession.
The property comprises a 2.25 ha site with an existing industrial facility of 4,000 sqm and concrete hardstand of 18,000 sqm.
Property Review
