Huge Buyer Interest in Southbank/South Melbourne

GrayJohnson is delighted to announce the successful sale of 9 Meaden Street, Southbank, a high-quality contemporary office building of some 772.5sqm with a footprint of 277sqm.

The property was offered for sale owing to the continued success of an entity associated with the vendor. Listed jointly by conjunctional agents Stonebridge and GrayJohnson, it was scheduled for auction on 22 March. After a professional marketing campaign, it was sold to a local purchaser prior to auction by GrayJohnson’s Simon Regan, realising a price of $3,100,000.

There was considerable buyer interest in the property, with the campaign generating 68 direct enquiries. More than 85 per cent of these were from owner occupiers who saw the benefit of this turnkey opportunity, for either full or partial use. The property’s value was boosted by its location and the amount of development underway within the immediate neighbourhood. The property sits within an overlay which permits (subject council approval) the potential for additional levels for future development over time.

The degree of interest indicates a ready market for quality commercial property in the South Melbourne/Southbank area. With a long track record for sales in the area, Simon Regan is ideally placed to advise you on the potential for your property. For an obligation-free assessment, call Simon on 0412 059 900.

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