Australian-based property development company Conrock has acquired a Truganina development site for $5.6 million with plans to utilise the land for a distribution facility.

The 7,232sqm, 40 National Drive site was sold as a ready-to-develop site with concept plans and permits for a 4,500sqm office warehouse.

CBRE’s Ricardo Cappelletti, Lachlan May, Fergus Pragnell and Tom Murphy brokered the deal on behalf of the private vendors.

“With no existing buildings available to purchase within the required size range, we are seeing a wave of owner-occupiers looking to acquire quality land opportunities,”  Mr Cappelletti said.

“Multiple owner-occupiers and a developers competed to secure the lot, with the location among national occupiers and the existing planning permit being major draw cards.”

The site is surrounded by high profile brands such as Target, Woolworths and The Reject Shop.

To request a sales analysis please contact the selling agent CBRE’s Ricardo Cappelletti, Lachlan May, Fergus Pragnell and Tom Murphy via the below contact details. 

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