SOLD – Showroom A1, 1-5 Lake Drive, Dingley Village
October 29, 2020
Melbourne’s South-East Commercial & Industrial Property Moving Quickly
Showroom A1, 1-5 Lake Drive, Dingley Village
Emerging from Victoria’s lockdown, Melbourne’s South-Eastern corridor is proving to be a spurring growth area, with commercial and industrial property moving quickly.
The recent sale of a high-profile 1,659sqm corner showroom in the Kingston Business Park for $3.4 million, to local business Vanity Chic Mirrors, highlights growing confidence in the market.
Due for completion in early 2021, Kingston Business Park is attracting significant attention with buyers. Located on the corner of Boundary Road and Lake Drive, Dingley Village, the 3.77-hectare estate is being developed by HB+B Property.
The development is well positioned to service the growing online market, with ideal access to major infrastructure and roads, including Dingley Bypass, Peninsula Link, and the new Mordialloc Freeway.
According to HB+B Property’s Acquisitions Manager, George Locke, “Kingston Business Park is a unique project which comprises a variety of configurations including small warehouses suited for owner occupiers, all the way up to showrooms ideal for larger businesses.”
“As an importer of vanity mirrors, Vanity Chic Mirrors was looking for a well-positioned showroom that can also serve their warehousing and logistical needs,” explains Andrew Pannam, sales executive at Nichols Crowder.
Mr Pannam adds, “Enquiry from local businesses to purchase at Kingston Business Park has grown sharply in the last week, with several other warehouses and showrooms in negotiation. Now that the Display Suite is open, and construction is soon to be completed, the timing is perfect for more businesses to make the move.”
“Property market activity in the South-East is now picking up where it left off in March,” explains Matt Nichols, Director at Nichols Crowder. “Buyers and tenants have had plenty of time to review the market, and are now looking for new opportunities.”
For further information contact:
KINGSTON BUSINESS PARK 1-5 Lake Drive, Dingley Village VIC 3172
Kingston Business Park located at 1-5 Lake Drive, Dingley Village is a 3.77Ha mixed retail and industrial Estate located with unrivalled access and exposure within the broader Melbourne Bayside precinct. Kingston Business Park consists of 3 existing blocks each comprising of a mix of large, medium and small industrial and showroom facilities. The surrounding gardens, trails and amenities create a unique industrial experience allowing for a work life balance in the heart of Melbourne’s thriving South East.
Stage 1 – No. Units: 17
Stage 1 – Building Sizes: 156sqm – 1,681sqm
Stage 1 – Price List: Prices start from $471,000 plus GST
Stage 1: Anticipated completion Feb 2021
HB+B Property is a privately-owned Australian business. Its foundations are borne from three families with extensive experience in development and construction: Hansen, Beslich and Beckhaus, who collectively have over 100 years of combined experience in the industry. HB+B Property is a fully integrated development and development management company, focusing predominately on social infrastructure, commercial and industrial sectors. We are proud to offer industry leading development expertise and execution with a lean and agile team. Our ‘make it happen’ approach sets us apart from industry peers.