Crabtrees Real Estate Senior Executive Megan Miles and Director Chris McKenzie have negotiated the sale of 9,084 sqm of industrial land at 1 & 2 Steele Court, Mentone for valued clients Virtus Property Group (VPG).

A rare commodity in the south east, Peter Fountas from VPG had cleared the site ready to develop but after receiving multiple offers sold to a family business relocating from the inner west to construct a new warehouse and distribution facility.

Megan Miles commented “Industrial land supply in the south east corridor of Melbourne is particularly low and coupled with the high owner occupier demand we are seeing sale prices reaching levels at an all time high.”

For further information please contact Megan Miles on 0401 288 800 or Chris McKenzie on 0418 321 065.

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