Occupiers, investors snap up seven neighbouring Keysborough industrial assets

Two of the warehouses, in Kirkham Road West, Keysborough.

An entity which because of COVID-19 had to suspend the April bulk-auction of seven small Keysborough industrial investments has sold them, but via a two stage expressions of interest campaign.

Demand wasn’t dampened, according to the selling agents, Gross Waddell’s Andrew Greenway, Alex Ham and Australian Professionals Property Service’s Paul Doherty – with 26 offers coming in.

The factories range in size between 287-680 sqm and were offered individually.

Five traded to owner occupiers, the balance to investors (story continues below).

The vendor, represented by SV Partners, banked a total of $4.2 million

“The properties generated outstanding enquiry with in excess of 230 groups making contact across both campaigns,” the marketing agents said.

At 17, 19, 21, 23 and 25 Kirkham Road West and 230 and 232 Cheltenham Rd, the sites are about 28 kilometres south east of Melbourne.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.