Reece buys Melbourne trade centre site
Reece Australia has snapped up a small site in a Frasers Property Industrial estate.
The 2043 square metre Industrial 3 zoned parcel, 54 Droomer Way, Tarneit, cost $2,193,000 excluding GST.
A plumbing trade centre to service the suburb and Melbourne’s broader west is planned.
The block is fully serviced with a 2.1 metre gate, CCTV and light poles.
AND Property’s Ricardo Cappelletti, Joff Mithen and Ben Quennell were the agents (continues below).
The land is within the Canvas West Estate, on 43 hectares which FPI acquired for $27.5m in 2019 and starting selling down the year later.
The deal comes two years since Reece outlaid $7.15m for a St Kilda Road, St Kilda, site, offered permit-ready for a six level apartment building, also for a showroom.
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