Featured in the INDUSTRIALIST: Significant Clayton industrial site sold $21m by And Property  | The Industrialist

AND Property announce the sale of 502 – 520 Clayton Road, Clayton on behalf of Clayton Property Custodian Pty Ltd.

The site was sold to an owner occupier who can maximise the low site coverage offering and main road exposure across Clayton and Fair Bank Road.
The property compromises of a 22,590 m2* site area with 3,910 m2 of office / warehouse and an extensive concrete hardstand.
Clayton Road also features dual street frontages and multiple access points as well as an on-site wash bay and triple interceptor.

The team at AND Property shortlisted and proactively approached over 50 occupiers who they believed would benefit from the low site coverage nature of the asset.

“Following our proactive canvassing strategy, the expressions of interest campaign was brought forward 4 days due to heated competition between 3 owner occupiers, with the property selling on the 13th of June” Mr Pane said

“Significant land holdings within the Southeastern corridor are seldom brought to market, and as such the campaign generated enquiry from a vast array of occupiers looking to secure a substantial foothold within this tightly held precinct.” Mr Quennell said.

“Owner occupiers are seeing a great opportunity to purchase strategic sites with developers and investors being less aggressive in recent times” Mr Cappelletti said

The property was sold via an expressions of interest campaign by the team at AND Property, with the agents being Bryce Pane, Ben Quennell and Ricardo Cappelletti.