The 4.5-hectare site at 43 – 45 McIntyre Road includes 17,300 square metres of vacant, B-grade industrial buildings, and was sold with a permit for a 20,000 square metre bulky goods centre.
The property is wedged between the established West End Market and Sunshine MegaCentre homemaker centre. Modern Line Furniture used the site as a manufacturing and warehouse facility.
Kelemen Commercial director Rudy Kelemen negotiated the off-market deal, but declined to elaborate on the buyer when contacted by Capital Gain.
A spokeswoman for Pickles Auction said that due do significant expansion, it has been scouring the Melbourne property market for an appropriate property for more than six months. She said she expects the site to trade as a car auction house by early 2008.