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Pipe Road popular haven for industrial occupiers

Property Markets / Planning, Zoning, Infrastructure

Australia / Melbourne

Feb 21 2018

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E-bay powerhouse, Princess Trade, has secured a new warehouse facility in Melbourne industrial hotspot, Laverton North.

The Australian-owned online store signed a three-year lease on the 2,412sqm corner facility at 92-96 Pipe Road for an annual rental of $157,000 net.

The warehouse property includes roller shutter doors, multiple truck access points, a clear span warehouse and corporate office over two levels.

In a separate deal, neighbouring property – 117-119 Pipe Road – was purchased by L & W Trading Pty Ltd for circa $1.6 million.

The 1,340sqm facility offers a clear span warehouse, roller door access, office and amenities, and secure loading yard.

CBRE agents Tom Murphy, Ricardo Cappelletti and Fergus Pragnell negotiated both deals.

Mr Murphy said: “The properties’ proximity to the freeway on-ramp and flexible industrial 2 zoning was appealing to a wide range of occupiers.” 

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