AND Property is excited to announce the off-market sale of a prime industrial strata warehouse at 1/21 Lionel Road, Mount Waverley. The property, which spans 1,660 m², was sold for $6,000,000, resulting in a sale rate of $3,614 per square meter (PSM)—a strong outcome for a strata property of this size in the highly competitive Southeast Industrial Market.

The sale was negotiated by AND Property agents Bryce Pane, Ricardo Cappelletti, and Ben Quennell, on behalf of a private investor. The property was sold with a lease in place for the sitting occupier, Safe Tech Solutions, on a portion of the site.

Situated in the Monash Employment Zone, this area is one of the most in-demand regions of the Southeast Industrial Market. Options for owner-occupiers are extremely limited, making this sale particularly noteworthy.

With a high-tech office component, first-class fit-out, excellent frontage to Lionel Road, and a functional, high-clearance warehouse, the property offers attractive features for its new owner.

For more information on this transaction or similar opportunities, contact the team at AND Property.