Virtus Property Group pays Reece Australia $17.9 million for Clayton industrial investment

Virtus Property Group is paying $17.9 million for an industrial investment in Melbourne’s south east Clayton.

The soon to be vacated property was sold by Reece Australia and its owners, the Wilson family, following an off-market deal negotiated by JLL.

At 74-86 Garden Road, the asset includes a 10,857 square metre warehouse with clearance of up to 15.2 metres.

It also offers a dual loading dock and cross dock facility with six on-grade doors, a 1287 sqm weather protected awning and office.

JLL is now marketing 74-86 Garden Road for lease. It becomes available in May.

The facility occupies a 3.46 hectare block about 22 kilometres from the city.

The warehouse at 74-86 Garden Road, Clayton, is now for lease.

Share or Recommend article

Marc Pallisco

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

Marc Pallisco