346 Macaulay Road, Kensington

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Visionary $9m buy in Kensington

A not-for-profit organisation for the visually impaired, Vision Australia Ltd, has purchased 346 Macaulay Road, Kensington, in Melbourne for $9.2 million from a private investor. The 8,800 square metre property is zoned Industrial 1 and includes a short-term lease.

The site has a refurbished office as well as a warehouse and concrete industrial facility. The building had been built for TNT Logistics in 1998. Raff De Luise of ICR Property Group negotiated the sale.

The Australian Review  Thursday 21st August 2008