NSL Property Group has sold another food grade office/showroom and warehouse located in one of Tullamarine’s premier industrial pockets. 7 Hercules Street Tullamarine sold Guy Naselli, Director NSL Property Group.

Purchased by a private occupier, this sale now takes the total volume of sales in suburban food grade facilities to almost $13 Million since the start of the year for the agency.

The first an office warehouse secured by Hai Seafoods in Beecher Street Preston was purchased after a successful expression of interest campaign during the third lockdown.

The second was a 4,800 sqm site in Sheehan Road Heidelberg West, leased to multinational tenants, Simply Delish on a 12 year lease returning $447,000 pa. This campaign highlighted 5 bidders with almost $50M in capital outlaid from both interstate and local investors.

“7 Hercules Street Tullamarine was also well received with over 120 enquiries over a 4 week period,” says Guy Naselli Director NSL Property Group.

“Even during Covid, many investors have identified industrial a robust asset class but even beyond this, food grade submarkets have been even rarer to find and provide long term growth and security.” 

To request a sales analysis please email either of the selling agents via the below contact details.