Crabtrees Real Estate Executives Pana Kritikos and Joseph Monea have sold industrial land in Oakleigh South for $850,000 to a developer amidst another Victorian lockdown.

21a Edinburgh Street offers 714 sqm of securely fenced freehold land, industrial 1 zoning and 19.5 m frontage to Edinburgh Street.

Pana Kritikos commented “Being one of the remaining vacant lots within the area we were confident this opportunity would be snapped by an astute buyer. In fact, we generated over 120 qualified buyers resulting in 4 offers with the sales result
equating to $1,190 per sqm rate.’

“The commercial & industrial real estate market continues to deliver strong result and this result cements the high demand for industrial freeholds in the southeast as stock is limited and buyers are ready to go.” Added Kritikos.

For further information, please contact Pana Kritikos on 0418 358 700 or Joe Monea on 0448 486 665.

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