Industrial Factories are Highly Sought After by Owner Occupiers

An older style factory warehouse at 53 Renver Road Clayton which had been in the vendor’s family for around 60 years sold in front of crowd of around 80 people for a substantial amount over reserve. The freestanding factory comprised a  building area of 500 sqm on a land area of 780 sqm returning $36,000 pa on a short-term lease. Located in the small Clayton industrial pocket, the property generated over 120 enquiries predominantly from owner occupiers. Dean Alexander and Tom Maule of Gorman Commercial handled the sale on behalf of the long-term owner and said, “The campaign generated enormous enquiry that culminated in multiple bidders at auction with bidding going up in $5,000 increases  from $1.2 million to the ultimate selling price of $1,405,000. The owner was ecstatic with the result.”