January 19, 2019

SOUTH EAST LAND IN DEMAND

SOLD

With vacant industrial land in Dandenong and on the Mornington Peninsula becoming harder to find, demand from developers remains strong.  This has resulted in solid prices per square metre for sites in prime locations.

Some very good sales results in the last couple of months include:

  • 100-104 Colemans Road, Dandenong –16,185sqm of vacant land on two titles, sold via an EOI campaign for $5.95 million, at approximately $367psm
  • 151 Colemans Road, Dandenong – on the corner of Taylors Road, this vacant site of 8,883sqm sold via a tender process for $3.555 million, at $400psm
  • 4 Brasser Avenue, Dromana – this 1,230sqm site in a popular industrial estate sold at auction for $595,000, at around $483psm

For more information, don’t hesitate to contact our offices at Carrum Downs 9775 1535 or Mornington 5925 6005.