An industrial unit development at Braeside in Melbourne's south-east has sold out in quick time as owner-occupiers took advantage of affordable new premises.

Developed by Melbourne based Ballantyne Builders, the six units, ranging in size from 123 to 162 square metres, all sold before completion for a combined $1.84 million and an average $2,200 a square metre.

Located at 20 Canterbury Road in the midst of a well-established industrial estate, including tenants such as Nissan Motorsport, Fabtronics Australia and Weber Performance, the units benefit from close proximity to Wells Road, Governor Road and Springvale Road.

According to Savills Senior Industrial Executive, Chris Telley, who brokered the transactions with Gareth Jacksonand Nixon Industrial, the quick sales were driven by the high standard of finish, price point, excellent truck access, secure premises, and size.

'The units were designed to meet pent-up demand in this sector and with few similar units of comparable price and quality available, were quickly taken up. Ballantyne seized on a market opportunity and were well rewarded,' Mr Telley said.

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