March 16, 2022 City Fringe, Industrial, Investment, Office, Richmond, Sold

Auction in Richmond Delivers $900,000 Above Reserve

By Rory White

GrayJohnson has delivered another above market result in the city fringe.

23 Butler Street has sold at auction for $2,750,000. This represents a record land rate of $17,628 psm.

During the auction there were 5 bidders/owner occupiers competing to secure the property.

At GrayJohnson we are forecasting significant growth in selected city fringe suburbs as low interest rates (still well below the mean average) and the lack of quality stock available will drive prices upwards in the next 12-24 months.

If you would like a confidential discussion please call Rory White 0439 655 504 or Matt Hoath 0418 543 714.

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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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