Owner occupiers trade Bayswater North factory on an acre

The property is about 28 kilometres east of the CBD.

A Bayswater North warehouse – on land 15 square metres short of an acre – traded between occupiers within three days of being listed online.

The vacant property, 9-11 Turbo Drive, achieved a speculated $3.15 million.

As well as a 2208 square metre office/warehouse with 8.5 metre clearance and two roller shutters, and an area set up as an outdoor eating area, off the staff room, the property included a valuable five tonne rolling gantry crane, which the incoming owner will retain.

The site also has two crossovers (story continues below).

About 28 kilometres east of Melbourne, the address is about 350 metres from a bulky goods hub occupied by Autobarn, BCF, Bunnings, Officeworks, The Good Guys and Spotlight.

“Even during COVID-19, the pent up demand for quality assets has been evident,” NSL Property Group’s Guy Naselli, who marketed the property with CBRE’s Joe Brzezek and Sasan Misaghian, said.

“The strategic location and future upside was an attractive feature the new occupiers will take advantage of,” Mr Brzezek added.

The warehouse at 9-11 Turbo Drive, Bayswater North.

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Marc Pallisco

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

Marc Pallisco