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Clayton industrial goes straight to SMSF

People & Companies / Latest News

Australia

Feb 14 2017

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February 9, Melbourne - An owner-occupier in the aged care bedding business has paid $1.4 million after auction for a Clayton industrial property that will provide a self-managed super fund/lease back investment.  

According to Savills Associate Director Daniel Kelly, who brokered the deal the 13 Graham Road property, formerly occupied by Elite Surface Technologies, comprises a 1524 square metre office and warehouse facility on a 2191 square metre site.

Mr Kelly said the purchaser had taken the opportunity to purchase in a favourable climate which included tax advantages available to SMSFs as well as low interest rates to purchasers.

``This is another example of a small business taking advantage of current economic circumstances which provide both favourable leasing conditions and the potential for capital gains,'' Mr Kelly said.

He said the facility offered a more modern premises and room for expansion in a location just off Westall Road providing quick access to freeways and within easy commuting distance for staff. The business will move from nearby Dingley Village.

The vendor was a local private investor.

 

 

About Savills

Savills is a global real estate services provider listed on the London Stock Exchange. Savills operates from over 700 corporate and associate offices, employing more than 30,000 people in over 60 countries throughout the Americas, the UK, Europe, Asia Pacific, Africa and the Middle East, offering a broad range of specialist advisory, management and transactional services to clients all over the world. www.savills.com.au or www.savills.com. 

Follow @SavillsAus for the latest Australian and global real estate news and research.

 

 

 

 

SOURCE: Press Release

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