Strong Demand for Commercial InvestmentsThursday, August 14th, 2014
The investor market continues to dominate the inner fringe commercial market.
Rory White from our city fringe office sales division has negotiated two sale transactions in the tightly-held office building at 182 Victoria Parade, East Melbourne (Lansdowne House).
The most recent sale transaction was to a local investor for $755,000. The property consists of 199 sqm approx, featuring reception, boardroom plus three partitioned offices. It also includes a valuable off street carpark.
This property was sold within 4 weeks of GrayJohnson being appointed.
Based on the compelling fundamentals of our commercial market, we believe that demand for commercial offices will escalate, more particularly after the Federal budget.