On-market sale underscores depth of demand for high-quality, low site coverage stock in Melbourne’s south-east.
A high-quality industrial facility in Melbourne’s tightly held Dandenong South precinct has changed hands for $5.8 million, reflecting a rate of $3,005 per square metre and a continued demand for well-located, low site coverage assets with future upside.
The property at 24–28 Williams Road, Dandenong South was sold via an on-market private sale campaign to a private investor after having generated strong enquiry from both owner occupiers and investors throughout the sales process.
The 4,663 square metre Industrial 1 zoned site is improved by a modern office and warehouse facility totalling 1,930 square metres, delivering low site coverage of just over 41 per cent and leaving substantial surplus hardstand and rear land suitable for future development (STCA). The warehouse component offers approximately eight metres of internal clearance, multiple container-height roller doors and drive-through access, while the dual-level office provides modern accommodation and amenities.
Sam Hibbins, Colliers Director | Industrial & Logistics, said, “This was a tightly run private sale campaign that generated interest from a wide buyer pool, including both investors and potential owner occupiers. Ultimately, the purchaser was drawn to the building’s high-quality condition, strong functional attributes and the rare opportunity to secure an asset with genuine land and development upside in Dandenong South.”
The buyer has since appointed Colliers to lease the property on their behalf, capitalising on strong tenant demand across the south-east industrial market.
“Dandenong South continues to be one of Melbourne’s most sought-after and land-constrained industrial precincts. With excellent access to EastLink, the Monash Freeway, Dandenong Bypass and South Gippsland Highway, assets like this benefit from unrivalled connectivity and proximity to major transport infrastructure, which is critical for both occupiers and investors,” added Luke Lowden, Colliers Director | Industrial & Logistics.
Colliers Director | Industrial & Logistics Capital Markets, Daniel Telling, said, “We’re seeing private investors remain highly active, particularly for well-located assets that offer strong underlying fundamentals and optionality for the future. Quality industrial properties with surplus land, modern improvements and leasing flexibility continue to attract capital, even as the market becomes more selective.”
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