AND Property announces the sale of 1/21 Lionel Road Mount Waverley.

The hi tech industrial strata warehouse was sold off market to an owner occupier.

The transaction was negotiated on behalf of a private investor by AND Property agents Bryce Pane, Ricardo Cappelletti and Ben Quennell.

“The property was sold off with a lease to the sitting occupier Safe Tech Solutions on a portion of the site after AND Property canvassed the owner on behalf of the purchaser” Said Mr Pane.

“The Mount Waverley Industrial precinct with one of the most highly sought after pockets of the South East Market, where options for owner occupiers are extremely limited” said Mr Cappelletti.

“The sale rate of $3,614 PSM represents an extremely strong result for a strata property of this size” Mr Quennell said. 

The property features a high-tech office component with first class fit out, frontage to Lionel Road and a functional high clearance warehouse. 

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