Industrial Market Continues To Perform

Wednesday, 02 November 2022

An excellent result at last weeks auction at 5/18 Melrich Road, Bayswater. Auctioneer David McGuinness along with colleagues Andrew Hill and John Katselas selling the property under the hammer in excess of $100,000 over the vendor reserve.

3 bidders put their best forward and with the 15th bid securing the property at $3,038 per square metre, both vendor and purchaser were thrilled with the outcome.

The quality industrial offering comprised a high clearance (6.7m) warehouse of 265m2 with office space and mezzanine storage located within a well maintained complex of 6.

For more information about this property or to discuss current market conditions, please contact our sales team on (03) 8727 9555.