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Drapac Sells Leigh Mardon Complex, Highett, For More Than $17 Million

The remainder of the Nepean Highway property includes 10,672 square metres of office and industrial buildings leased to Leigh Mardon for ten years at an annual starting rent of $1.46 million.
 
Teska Carson director Larry Takis marketed the property on behalf of Drapac.
 
He said the site’s flexible zoning made it attractive to a range of prospective developers, but declined to comment on the eventual buyer.  A Hallmarc representative was unavailable for comment when contacted by The Age.

 

About Marc Pallisco

Marc is a leading Real Estate freelance writer, author and analyst. He is also the founder for Realestatesource.com.au and is also employed as lead property writer for The Age. He currently resides in Melbourne, Victoria.

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