AND Property is pleased to announce the off-market sale of two side-by-side warehouses located at 4/24-30 Winterton Road and 36-38 Winterton Road, Clayton. The properties were sold to an owner occupier for a total of $15m, with a short-term lease to the sitting tenant.

This transaction was negotiated on behalf of a private investor by AND Property agents Bryce Pane, Ricardo Cappelletti, and Ben Quennell. The properties were sold with a lease in place for the current occupier. AND Property proactively approached the owner on behalf of the purchaser, who owns an established importing business in the area. With a combined sale rate of $3,000 per sqm, this is a strong result for properties of this size in Clayton.

4/24-30 Winterton Road features a modern high-clearance warehouse with corporate offices and a side yard, while 36-38 Winterton Road is an older-style, clear-span warehouse.
AND Property has transacted over $45 million worth of industrial property in the Monash area this year, including several notable on and off market transactions.

Property address: 4/24-30 Winterton Road and 36-38 Winterton Road, Clayton
Vendor: Private Investor
Purchaser: Local owner occupier
Total Sale Price: $15,000,000
Building area: 5,000m² (over two titles)
Site Area: 7,254m² (over two titles)
Sale rate PSM: $3,000 PSM

For further information on this transaction, please contact the team at AND Property.