An owner occupier in the aged care bedding business has paid $1.4 million after auction for a Clayton industrial property that will provide a self-managed super fund/lease back investment.

According to Savills Associate Director Daniel Kelly, who brokered the deal, the 13 Graham Road property, formerly occupied by Elite Surface Technologies, comprises a 1,524 square metre office and warehouse facility on a 2,191 square metre site.

Mr Kelly said the purchaser had taken the opportunity to purchase in a favourable climate which included tax advantages available to SMSFs as well as low interest rates to purchasers.

“This is another example of a small business taking advantage of current economic circumstances which provide both favourable leasing conditions and the potential for capital gains,” Mr Kelly said.

He said the facility offered a more modern premises and room for expansion in a location just off Westall Road providing quick access to freeways and within easy commuting distance for staff. The business will move from nearby Dingley Village.

The vendor was a local private investor.

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