Crabtrees Real Estate Director Gavin Dumas and Senior Executive Megan Miles have SOLD a unique industrial facility totalling 2,400sqm in Rowville to a local owner occupier.

897 Wellington Road with a total land area of 5,210 sqm is immediately adjacent to EastLink and comprises 1,200 sqm of warehousing, 370 sqm quality ground floor office space and huge 900 sqm covered yard with direct access to warehouse making it ideal for secure external storage.

“Originally offered For Lease, the vast majority of enquiry was from potential purchasers and after a competitive off market process the property was sold for an undisclosed price that showed an indicative yield of sub 5.0%, “ commented Gavin Dumas.

“The lack of supply and strong demand is driving strong sales results which is supported by the cheap money and low servicing costs that super low interest rates provide.” Gavin Dumas, Crabtrees Real Estate Director.

For further information please contact Gavin Dumas on 0411 878 423 or Megan Miles on 0411 878 423.

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