SALTA Properties has sold 13 blocks of land in Stage 8 at its Proximity Estate development in Melbourne's outer suburb of Sunshine West.
Knight Frank selling agents Matt Crofts and Andrew Macqueen sold all 13 sites in the final stage of the
The lots were predominantly one hectare in size.
Knight Frank’s associate director Andrew Macqueen said many of the deals are being struck at $1,000 to $1,100 per sqm for the sale of newly completed warehouses or $75 to $80 a sqm for leasing.
“There is currently a large amount of construction occurring at the estate by developers and owner occupiers with many further deals being concluded.
“This is due to the estate being located only metres from the Western Ring Road and just 15 minutes from the CBD,” he added
Located on the corner of Fairbairn and Boundary Roads, Proximity Industrial Estate adjoins blue chip neighbours including Australia Post, CBC Bearings, FedEx, John Deere, Smorgan Steel & Mattel.
Macqueen said there are now only a few remaining land sites in the estate ranging from 1,890 sqm to 4,729 sqm.
“Improved road infrastructure in the west is continuing to attract transport and logistic companies. Proximity to the ports, along with easy accessibility to other regions, including
According to Knight Frank Research, new supply in the western region will account for 42% or 626,000 sqm of all of
“While it houses the largest market, the west boasts one of the lowest vacancy rates of
Australian Property Journal
