A supply shortage is set to see investors and owner-occupiers scramble to acquire several boutique industrial units in Melbourne’s south-east.
Colliers is fielding demand for industrial units in two new projects in Dingley Village and Bayswater.
HB+B Property has marketed 40 units ranging from just under $500,000 to over $3 million dollars at the refurbished Kingston Business Park.
Andrew Chrapot, Colliers agent, is selling the properties and says the Business Park presents a new industrial set amongst 3.77ha of foliage.
“This is a revamped development in an industrial market starved for opportunity,” he says. “With construction well underway on the new Mordialloc freeway linking the Dingley Bypass and Mornington Peninsula Freeway, this location will be open to a wider freeway network.”
The Park is also nearby the Moorabbin DFO, Costco and Moorabin Airport’s Chifley Business Park.
In Bayswater, five units in a boutique strata development were sold on the market between $410,000 and $750,000.
“Currently there isn’t enough supply to service the demand in this sector, and accordingly these units were sold out in five months once construction commenced,” Andrew says.
For more information on Colliers Australia, click here.