March 30, 2023 Glenroy, Northern Suburbs, Office, Sales, Sold

Immediate Returns in Glenroy

By Rory White

GrayJohnson is pleased to announce the successful auction result for Unit 3, 1 Post Office Place, Glenroy. The property sold for $827,000 on a yield of 4.8%. Surrounded by a mix of retail and commercial businesses and abutting Glenroy Medical Centre, this property is located in a vibrant and diverse commercial precinct. With a brand new 5 + 5-year lease in place, the property is currently returning $40,000 pa net, with fixed annual reviews.

The opportunity:
• Substantial two-level brick building
• Substantial frontage to Dowd Place
• Fully renovated throughout with excellent natural light
• Rear loading access via laneway

The location:
• Directly opposite recently upgraded Glenroy Station
• Close to cafés, restaurants, Coles supermarket, Australia Post
• Ample council car parking nearby

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

*Approx.

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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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