Market Updates

November 03, 2017

SOLD - TWO FOR ONE

SOLD
49A & B Alex  Ave, Moorabbin

A record price of $2,509psm was achieved for the sale of a pigeon pair of warehouses on one title at 49A & B Alex Avenue.  Selling after auction for $1.335 million, the property was purchased by an owner occupier that intends to lease out the second warehouse. 

“These older-style warehouses with high site coverage are very popular, particularly in this part of Moorabbin.  We’ve seen strong price gains in this sector over the past two years,” said Jill Duggan, Sales and Leasing Executive with Nixon Industrial.