Leased to Local Electrical Contracting Business

In Melbourne’s north, Dean Alexander of Gorman Commercial has leased two factory warehouses in separate transactions after being on the market for a short period of time. A  279 sqm factory in a small industrial complex of 4 factories at 3, 35 The Concord, Bundoora was leased to a local electrical contracting business on a rate of  close to $90 sqm on a 2-year lease. The industrial complex is owned by a long term local investor. The second deal was at 127 McEwan Road, West Heidelberg where an older style clear span warehouse of 658 sqm was leased to a local building contractor for $55,000 pa net on a 3-year lease.