Continued Upswing in Demand from Owner-OccupiersTuesday, March 27th, 2018
GrayJohnson has recently sold a high profile ground floor office at auction for $1,002,500 at Suite 14, 13-25 Church Street, Hawthorn.
The property was sold under auction conditions with two local owner-occupiers competing for the property.
The ultimate buyer is a local accountancy practice, which is located in proximity of the property.
In view of the lack of commercial construction in the inner east, the commercial rentals have moved 9% in the last quarter. We have also seen some significant capital gains for vacant commercial office buildings.
If you would like further details on how we can assist to maximise the return on your commercial building, please call Brett Simpson on 0402 427 392 or Matt Hoath on 0418 543 714.