This article is from the Australian Property Journal archive
AN office and warehouse building at Knoxfield in Melbourne's east has sold for $3 million.
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Located at 551 Burwood Hwy, Knoxfield, the former Mary Kay Cosmetics head office was sold with vacant possession.
The property comprises 892 sqm of office space and a 1,120 sqm warehouse.
JLL’s national director of industrial services Andrew O’Connell and executive of industrial services Simon Wellock sold the property to a religious organisation, which plans to use the property as an education centre.
“The property received a huge amount of enquiry over the course of the marketing campaign which I believe is attributed to the historically low interest rates together with the properties prominent corner position.” O’Connell said.
Australian Property Journal
