35 Advantage Road, Highett
The Bayside Business District (BBD) continues to thrive, with 35 Advantage Road, Highett selling at auction for $1.625 million. After 25 bids, the factory and office of 772sqm on 830sqm of land was eventually sold under the hammer to an owner occupier. Requiring a major transformation, the property attracted keen interest from developers, investors and owner occupiers alike.
Sales and Leasing Executives, Nikola Drendel and James Glen highlighted the uniqueness of the property and the opportunities it presented.
“Although the building is quite run-down, its location in the BBD and flexible options made it attractive to a range of buyers,” said Ms Drendel. “This was a strong result and shows the resilience of commercial and industrial property in the area.”