Tenants have jumped at the chance to secure a brand-new, well-connected facility in Melbourne’s high-performing south-eastern industrial market at a time of severe stock shortage.

Fitzroys’ Brent Glassford, Marco Sandrin and Shawn Luo leased 26 Bass Court, Keysborough for five years at $110,000 per plus outgoings and GST, on behalf of a private investor.

The 873sqm office and clear-span warehouse facility is on a 1,153sqm site zoned Industrial 1. It includes staff amenities, warehouse access via container height roller door, and 13 on- site parking spaces, including three undercover.

The site offers easy access to Eastlink and Greens Road.

“The owner was rightfully very confident of speculatively developing this facility given the huge demand out there for well-connected warehouses at a time of severe stock shortage,” Glassford said.

“We had a lot of local and national businesses who saw this as an excellent chance to upsize to a newer facility. Supply simply can not keep up with demand and campaigns are ultra- competitive, which continues to put upwards pressure on rents.”

Sandrin said Melbourne’s south-east continues to be highly sought after.

“Vacancy rates in Melbourne’s south-east industrial market remain at historic lows,” he said.

“The south-east has always boasted excellent accessibility to the rest of Melbourne. This is going to be further enhanced by the $155 million intermodal freight terminal in Dandenong South, which will connect the region to the Port of Melbourne’s on-dock rail project, allowing for direct freight shuttle connections and less pressure on truck movements across the region.”

To request a lease analysis please contact the leasing agents Fitzroys’ Brent Glassford, Marco Sandrin and Shawn Luo via the below contact details.