AND Property in conjunction with JLL are excited to announce the $29 million sale of 159-171 Wellington Road, Clayton. This 3.65-hectare site, positioned within the Monash National Innovation and Employment Cluster, was acquired by an owner-occupier who will utilise part of the site for manufacturing while retaining the balance as a strategic long-term investment.

Property Details:
& Site Area: 3.65 ha (36,557m²) with low site coverage of 26%
& GLA: 9,485 m² with extensive hardstand
& Zoning: Industrial 1 Zone (IN1Z)
& Situated in Melbourne’s premier innovation and employment hub, close to the Synchrotron, and Victorian Heart Hospital

Sale Details:
& Sale Price: $29 million
& Land Rate: $793/m²
& Building Rate: $3,057/m²
& Purchaser Profile: Owner-occupier

159 Wellington Road stood out due to its scale, flexibility, and strategic location within one of Melbourne’s most tightly held industrial and technology precincts. A big thank you to our team and all parties involved in delivering this outstanding result. The sale was completed in by Bryce Pane from AND Property and Lachlan Ferguson from JLL.

For more information on this property please contact Bryce Pane or a member of the AND Property team.