June 19, 2023 Investment, Retail, Sales, Sold, Western Suburbs

248 Hampshire Road, Sunshine

By Rory White

NEWLY-LEASED RETAIL INVESTMENT

Retail/hospitality premises in the heart of Sunshine’s busy shopping village

GrayJohnson is pleased to announce the successful sale of 248 Hampshire Road, Sunshine at Auction.  The property sold for $1,820,000 which represents a sharp yield of 3.7%.  It was sold with a brand new 5 year lease in place.

The opportunity:

• Valuable landholding of 304sqm approx.
• Building area 251sqm approx.
• Returning $69k pa net plus GST with 4% annual reviews
• Main road plus laneway access

The location:

• Lively shopping strip location
• 200m from Sunshine railway station
• Easy access to Western Ring Road and motorway network
• Activity Centre zone

For more details contact Rory White 0439 655 504 or Anthony Boldrini 0468 519 472.

 

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What our clients say

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Di & David Haggett
Communication throughout was first class. They helped us understand the market, our options and fought hard to get us a great price. We would highly recommend GrayJohnson if you’re looking for a commercial property partner.
Peter Kirkpatrick
Charter Keck Cramer
To date, they have achieved just shy of $20 million in sales, for 27 properties and have just been appointed to sell another. We wouldn’t hesitate to recommend Matt, Rory and their team at Gray Johnson to sell your commercial property.
Egbert Pereira
EPA Group Accountants
Matt was exceptional. He helped me understand the commercial market challenges, seller expectations and intricate purchasing processes at auction to secure the purchase. Promptness and clear communications were some amazing visible qualities.
Tony Licciardi
Safetynet Investments
Thoroughly professional, they keep you informed through out the leasing process, they will do the hard yards to secure a tenant that will suit your premises. I cannot highly recommend GrayJohnson any more for they work hard to achieve the best outcome for their clients.
Edward McDermott
DCM Lawyers
GrayJohnson were able to find us our new offices quickly and diligently. They continue to be professional and reliable in the management of our tenancy and are always available to assist with any matter if required.
Matt Marshall
Smart Freight
Rory White helped us sell our offices in Richmond. He was professional, accessible and passionate about getting a good result (which he did). I would definitely use again.
Trent O'Sullivan
Balance Advertising
I loved the fact that they had my back, negotiated hard and kept me up to speed through the whole process. The fact is they know what they're talking about, they have the insights and I benefited from that.
Sonya Miller
Armitage Jones
We would like to put on record our genuine appreciation and commendation for the services provided by the GrayJohnson sales team. The final negotiations were handled with the utmost professionalism and skill.
Matt Power
Balance Property Partners
GrayJohnson achieved two property sales in difficult markets with limited buyers and a difficult finance/banking environment. In both cases, Matt, Rory and the team at GrayJohnson worked hard to ensure a result for both vendors.
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