Record Warehouse Rent in South Melbourne
// Tuesday, 18 August 2020
Conquest Estate Agency Director Luke Conquest has successfully leased a 670 sqm warehouse at 139-145 Montague Street, South Melbourne in the mixed of COVID-19 to a new Gym operator.
The property had been previously occupied by the renowned Olympia Gym for almost 30 years. Conquest received approx 100 enquiries on the property due to its excellent corner exposure with approximately 29,000 passing cars per day. The successful tenant was keen to take advantage of this exposure, as well as the existing gym permit and 30 years good will. The rental achieved is said to be a record per sqm rate for warehousing in the area at $246 per sqm net.