29/01/2024
Dixon Commercial Real Estate are pleased to announce the successful conclusion of a significant extension of the Vulcan Steel facility in Airport Park Industrial Estate.
A small syndicate was established to purchase the property subject to a lease back in 2012.
The facility at time of purchase included an office component of approximately 300 square metres with a modern factory of about 2,000 square metres.
The tenant, Vulcan Steel Pty Ltd, trading as Vulcan Engineering Steels approached Dixon Commercial Real Estate with a view to extending the building by a further 2,000 square metres. Subsequently, the extension took place and a new ten year lease was agreed to, with a rent adjusted to allow for the cost of construction.
The syndicate of owners is delighted with the final outcome!
Congratulations to Bryce Livermore, our Senior Property Manager for managing the development.
Please contact either Andrew Dixon or Oscar Dixon for further details
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