AND Property is pleased to announce the sale of 502 – 520 Clayton Road, Clayton on behalf of Clayton Property Custodian Pty Ltd.
The site was sold to an owner occupier who can maximise the low site coverage offering and main road exposure across Clayton and Fair Bank Road.
The property compromises of a 22,590 m2 site area with 3,910 m2 of office / warehouse and an extensive concrete hardstand.
Clayton Road also features dual street frontages and multiple access points as well as an on-site wash bay and triple interceptor.
The team at AND Property shortlisted and proactively approached over 50 occupiers who they believed would benefit from the low site coverage nature of the asset.
“Following our proactive canvassing strategy, the expressions of interest campaign were brought forward 4 days due to heated competition between 3 owner occupiers, with the property selling on the 13th of June” Mr. Pane said
“Significant land holdings within the Southeastern corridor are seldom brought to market, and as such the campaign generated enquiry from a vast array of occupiers looking to secure a substantial foothold within this tightly held precinct.” Mr. Quennell said.
“Owner occupiers are seeing a great opportunity to purchase strategic sites with developers and investors being less aggressive in recent times” Mr. Cappelletti said.
The property was sold via an expressions of interest campaign by the team at AND Property, with the agents being Bryce Pane, Ben Quennell and Ricardo Cappelletti.
A full list of the building features can be found below:
Property Details:
- Zoning: Industrial 1 Zone – City of Kingston
- Land Area: 22,590m²
- Warehouse Area: 2,916m², including a separate 565m² workshop
- Office Area: 994m², comprising a main office and amenities totaling 547m²
- Total Building Area: 3,910m²
Key Features:
- Industrial 1 Zoned land
- Prominent corner location with dual street frontages and multiple access points
- 3,910m² total building area
- Over 140m frontage on Clayton Road and over 210m on Fairbank Road
- Low site coverage allowing for future expansion (STCA)
- Extensive concrete hardstand area
- On-site wash bay and triple interceptor
- Ideal for industrial strata office/warehouse business park or institutional-grade industrial warehouses
- Located near the Monash employment cluster and the highly desirable Monash precinct
- Close to Monash Freeway, Princes Highway, Monash Hospital, and Chadstone Shopping Center
- Comprehensive due diligence documentation available
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