Elite Property Group has sold Unit 1 at 13 Advantage Drive, Dandenong to an owner occupier for $4.95 million.
The modern industrial facility has an area of 3,731 square metres with a site area of 6,482 square metres.
Knight Frank’s Luke Crozier brokered the deal.
Mr Crozier said the sale price reflects a rate of $1,327 per square metre showing an exceptional result for a secondary asset in Dandenong.
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Olwyn Conrau, Victorian Media Consultant
Notes to Editors
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank has more than 15,000 people across 418 offices in 60 markets. These figures include Newmark Grubb Knight Frank in the Americas, and Douglas Elliman Fine Homes in the USA. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. www.knightfrank.com