Cadrys buys Melbourne industrial space through Savills
Sydney based rug importer Cadrys paid $2.5 million for an industrial facility at Noble Park in Melbourne's south-eastern suburbs in a deal brokered by Savills Australia.
The 130 Browns Road property, comprises a 2,561 square metre building, including 610 square metres of office space and a 1,951 square metre warehouse.
It was a 4,296 square metre site with 56 metres frontage to Browns Road, and 39 car spaces.
It last sold at $885,000 in 1981.
According to Savills Keith Kooloos, the property offered the tenant room to accommodate its stock and provided ample office space with room for a showroom and plenty of staff and customer parking.
He said the significant Browns Road frontage offered the tenant the option to utilize part of the office component as a showroom space with exposure to a busy interconnector between the Princes Highway and Monash Freeway.
“This was a very good fit for Cadrys in a location which provides both excellent exposure and quick access to major transport routes across Melbourne's busy south-eastern corridor,” Mr Kooloos said.
