This article is from the Australian Property Journal archive
A LOCAL investor has acquired a showroom and warehouse property in Melbourne’s western growth suburb of Point Cook for $5.701 million.
The 3,150 sqm building at 12 Wallace Avenue has a high clearance warehouse of 2,020 sqm, a ground floor showroom of 560 sqm and first-floor offices of 570 sqm.
It is on a 4,053 sqm site zoned Industrial 3, and features 34 on-site parking spaces.
Craig McKellar and Robert Cubelic of CVA negotiated the sale following an expression of interest campaign that saw “over 20 genuine parties taking interest”.
The site is located close to Williams Landing train station, Palmers Road and the West Gate Freeway.
The sale price reflected a building rate of $1,809.84 per sqm and a land rate of $1.046.61 per sqm.
Australian Property Journal
