GrayJohnson has brokered another sale another sale in Grange Road setting a new record for Grange Road.
The property at 168 Grange Road was to be auctioned in July 2022. However, there were a number of buyers expressing their interest prior to auction and one made an offer that the owners found more than acceptable. The purchase price of $2,800,000 returned just shy of $3,500 psm on the land. The showroom/warehouse was tenanted on a new three year deal for $83,700pa net, which represents a low yield of 2.9 per cent.
The number of buyers expressing interest in this sale reflects the high demand for quality industrial property, especially in tightly-held precincts such as this one.
At GrayJohnson we have particular expertise in these inner-city areas and we have buyers waiting for the right opportunity.
For more details contact Rory White 0439 655 504.