Monbulk Jam Factory Snapped Up in Melbourne’s East
The former Monbulk Jam Factory has been sold to a children’s playground manufacturer as investors continue to favour value-add industrial properties over new developments.
Multiple parties were interested in the 13,683sq m factory and 21.6ha site in Melbourne’s east, 35km from the CBD, but ultimately it was the conditions of sale that sealed the deal.
Sources said it was sold for $3.96 million to the Rayner family, a future owner-occupier who owns Activity Playgrounds currently headquartered a 15-minute drive north of the Monbulk property.
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