Sold – Exceptional Office/WarehouseTuesday, August 14th, 2018
GrayJohnson is experiencing a spike in demand for Industrial buildings in the inner north; more especially, Preston, Fairfield and Reservoir.
GrayJohnson has recently sold 8 Vimy Street, Reservoir via private sale for in excess of $1,900,000.
We outline the sale statistics below:
Address: 8 Vimy Street, Reservoir
Land area: 2,055 sqm approx.
Building area: 1,894 sqm approx.
Rate PSM Land/Buildings: $1,008
The property was sold to a local owner-occupier who intends to relocate from a smaller building of 1,000 sqm approx.
There is a lack of Industrial stock in the 500 – 5,000 sqm range and this is having a positive effect on capital values. This trend will continue as lending rates remain low for established business owners.
For more details, please contact Matt Hoath on 0418 543 714 or Rory White on 0439 655 504.