My Melbourne Real Estate

FABRIC store retailer Lincraft has paid $6.5 million for an office warehouse building at Derrimut’s Gilbertson Industrial Estate. The 2.53 hectare site at 60 Fulton Drive includes a 9114 square metre office warehouse, and was sold with a short term lease to distribution company Axima. Lincraft, which was in receivership just six years ago, before being bought out, will owner occupy the western suburb site, ending a search that saw it hem office warehouse all around metropolitan Melbourne. “It’s been many years since a property of this quality was offered for sale to an owner occupier within the Gilbertson Estate,” said Colliers International agent Nathan Bingham, who sold the site with Tony Iuliano. [...]