AUSTRALIA Post is hoping to achieve a price of about $21 million from the sale of a city fringe bulky goods asset, that was once owner occupied by the government arm.

Bunnings has refurbished the 10,600 square metre building, on a 3.3 hectare block and signed a 12 year lease. CB Richard Ellis is the marketing agent.

Previously, Australia Post used the 501 Williamstown Road facility as a logistics centre.

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