Quicklift Pays $2.96m for Mulgrave Industrial
31 October 2016
Owner-occupier, Quicklift Garage Doors has paid $2.96 million for an office and warehouse facility at Mulgrave in Melbourne’s south-east in a deal brokered by Savills Associate Director Daniel Kelly.
Located within Enterprise Park, the 61-63 Glenvale Crescent property comprises a 2,775 square metre office/warehouse, including 2,375 square metres of warehousing, on a 5,741 square metre site with 50 on-site car spaces.
Mr Kelly said Quicklift had been in the market for more than 12 months, with a requirement to find a property which was well located to key arterials and that would accommodate the company‘s consolidation of operations from two other locations.
“Like a significant number of companies, Quicklift wished to take advantage of low interest rates to move from multiple smaller locations and wished to rationalise its current operations into one modern facility.
“The Glenvale property offered good utility and a superior location with great access to the Monash Freeway,” Mr Kelly said.
He said the former tenant, Rectron Electronics, which had been at the property for ten years, would relocate to a smaller distribution facility at Forster Road, Mt Waverley.
