A former concrete manufacturing plant in Dandenong has sold for $5.22 million to an owner-occupier, reflecting the demand for this buyer profile in Melbourne’s south-eastern industrial precinct.

Savills Industrial's Kosta Filinis and Gareth Jackson brokered the deal for 37-39 Elliott Road in conjunction with Collins Commercial & Industrial’s John Gazis at a strong rate of $1,205/sq m.

“Owner-occupiers have been flexing their muscles in the Dandenong industrial market, with low interest rates encouraging them to make the move from leasing to owner-occupying their own property,” Mr Filinis said.

“With limited options for sale in this market, an outstanding sale result has been achieved.”

Mr Filinis said that the prospective buying parties were drawn to the property for its close proximity to Eastlink and the Dandenong Bypass, as well as the significant power supply and three heavy-duty gantry cranes.

“With an extensive power supply and three heavy-duty gantry cranes, the buyer has plans to use the property as their company’s headquarters,” he said.

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