This article is from the Australian Property Journal archive
A SPECULATIVE private investor has paid $2.228 million for a vacant office/warehouse at Truganina within Australand’s West Park Estate, in a deal negotiated by JLL.
JLL’s industrial services executive Josh Freezer and senior executive Pierre Ghougassian sold the property at 22 Sunline Drive Truganina in Melbourne’s west, on behalf of a private developer.
Zoned Industrial 1, the property comprises two brand new units of 1,124 sqm side by side, which can be combined one 2,248 sqm unit.
“JLL are noticing very strong enquiry levels both in the speculative development and investor segments of the market, especially at the smaller end being 2,000 sqm and below.
“This is supported by the evidence of smaller land sales that have taken place in the market recently,” Freezer said.
Property Review