AND Property agents Ricardo Cappelletti, Ben Quennell and Joff Mithen have facilitated a rare ‘double deal’ whereby two owner occupiers have purchased each others facilities to meet their company’s requirements.

The property at 9 Emcient Drive, Truganina was sold by M & L Holdings Group Limited, a company listed on the Hong Kong stock exchange. This transaction allowed M & L Holdings to acquire the buyer’s facility located at 41 Triholm Avenue, Laverton, which aligned perfectly with their requirements in Victoria.

“The negotiations involved numerous moving parts to minimise potential business disruptions for both parties, as they aimed to relocate and operate from each other’s properties upon settlement,” stated Ricardo Cappelletti, Director at AND Property.

The sales achieved record rates per square metre across the buildings for each respective property in their locations. Both properties featured distinctive improvements tailored to their new occupiers.

“The properties included overhead gantry cranes, which are essential for the operations of both businesses. Finding existing properties for sale with cranes is quite challenging, which significantly contributed to our ability to facilitate this transaction,” added Ben Quennell, Associate Director at AND Property.

Transaction Summary:

 Address: 9 Emcient Drive, Truganina  Site Area: 2,728m²

  Building Area: 1,757m²

 Asset Type: Industrial 1 Omce/warehouse  Sale Price: $6,000,000

  Building Rate: $3,415/m²

  Buyer Profile: Owner Occupier

 Address: 41 Triholm Avenue, Laverton  Site Area: 1,178m²

  Building Area: 891m²

 Asset Type: Industrial 3 Omce/warehouse  Sale Price: $2,750,000

  Building Rate: $3,086/m²

  Buyer Profile: Owner Occupier

For more information about AND Property and to learn more about this transaction, visit our website at andproperty.com.au or contact us at admin@andproperty.com.au / 03 8637 9990.