COMMERCIAL REAL ESTATE NEWS, TRENDS AND INSIGHTS
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26YEARS
$
OF PROPERTY INSIGHTS
10,000
+
LOCAL INVESTORS REACHED

Sold Off Market & Above Vendor’s Expectations

By | 28/06/2022

7 Flight Drive, Tullamarine

SOLD ABOVE VENDOR’S EXPECTATIONS

This warehouse of approx 750sqm has been sold to a private investor for $2.3 million on a yield of around 2.8%.

Situated within a sought after and tightly held industrial precinct just off Sharps Road with excellent access to the M80 Western Ring Road. The property was leased to an airline cleaning service business currently returning a rental of $64,827 net per annum.

We are continuing to see strong demand to purchase from both owner occupiers and investors seeking industrial premises in the local area. The property was sold off market and for a price above the vendor’s expectations.

Feel free to contact me to discuss how GK can assist you with your commercial property management, sales and leasing needs.

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Francis Sbaglia

Written by Francis Sbaglia

"Francis is particularly proficient in leasing and selling industrial premises as well as offices, showrooms and smaller retail in Melbourne’s western and northern suburbs."

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