Successful sale and lease at neighbouring industrial properties in Rowville

Cushman & Wakefield have managed and completed the sale and lease of adjacent properties at in the suburb of Rowville in Melbourne’s south east.

Situated at 35 and 37 Laser Drive respectively Extreme Land Pty Ltd purchased the property located at 35 Laser Drive from Inga Pty Ltd for $1.92 million.

Extreme recently sold their Springvale facility.

35 Laser Drive property comprises a warehouse and two-level office over 1,372 sqm.

Jordie Cassidy and Andrew O’Connell from Cushman & Wakefield managed the sale.

At 37 Laser Drive, A2Z Flashings Pty Ltd has leased a soon to be refurbished warehouse and office space from Marvic Downs Pty Ltd.

A2Z Flashings Pty Ltd are to relocate from their existing space at Ferntree Gully.

The property comprises a two-level office across 267 sqm, a 1,009 sqm clear span warehouse and 22 off street car spaces.

The leasing agreement comprised rents of approximately $100 per sqm, with the transaction also managed by Jordie Cassidy and Andrew O’Connell.

Jordie Cassidy said, “Tenant demand is still strong for sub 2,000 sqm buildings in Rowville with very limited stock on the market. As a result, we’re beginning to see face rents begin in slowly increase.”