Another Developer Snaps up an Industrial Site in Greensborough

Gorman Commercial’s Dean Alexander and David Minton sold 159 Para Road, Greensborough prior to auction for $1,115,000. The 969 sqm Industrial 3 zoned site with dated improvements was offered for the first time in 45 years and sold to a local developer. Mr Alexander said, “Given the rare freehold offering in a tightly held industrial market, the property generated strong interest from a range of local developers and owner occupiers allowing us to sell the property prior to auction above the initial expectations.”