AND Property is pleased to announce the successful sale of 35 Apex Drive, Truganina. The asset was sold to an interstate investor at an exceptionally sharp yield of 3.70%, reflecting the strong demand for well-located industrial property in Melbourne’s west. Positioned within a rapidly growing residential catchment, the property offered clear long-term value and growth potential.

This transaction highlights a broader shift in market sentiment. As interest rates are forecast to soften in the coming months, investors are beginning to reprice risk and focus on underlying asset fundamentals. Securing a high-quality industrial asset on a sharp yield in today’s environment positions buyers for future rental uplift and value-add opportunities.

Now is the time to act. Quality industrial property is being tightly held, and early movers are set to benefit from the next phase of growth.

Property Features:

• Building area: 872m²
• Site area: 1,133m²
• Sale price: $3,050,000
• Sale rate: $3,497 per m²
• Net passing income: $113,000 p.a.
• Yield: 3.70%

For further details, please contact the team at AND Property.