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CLAYTON WAREHOUSE SOLD FOR $3.5 MILLION

Crabtrees have sold yet another Clayton warehouse for well over the reserve. 38-40 Buckland Street SOLD under the hammer for $3.5 Million.

With 2 competing bidders making 20 offers, the successful bidder secured the facility for $600,000 over the reserve.

Chris McKenzie, Crabtrees Real Estate Director commented that "our recent Auction results indicate another big shift in the market over the last couple of months due to the shortage of available properties."

The office showroom warehouse facility of 2,041m² was purchased by Fupai, a paper bag manufacturer and supplier that have outgrown their current premises in North West Melbourne.