GrayJohnson has recently facilitated an off market sale of 171 Grange Road and 3 Montefiore Street, Fairfield.
The property consists of two buildings on a land area of 4,395 sqm approx, and is fully-leased to a market leading international tenant. The sale price we achieved was in the vicinity of $8.5 million.
Despite its desirable location and strong tenancy profile, this property had been on the market for some time before GrayJohnson became involved. We were able to turn this around, achieving an excellent and timely result for the client. We used a no-cost approach to our extensive database and worked through our industry networks to identify the eventual buyer. We also handled the complex negotiating process that comes with this level of property.
At GrayJohnson, commercial and industrial property is our core strength. We are particularly active in Melbourne’s inner north where we are seeing a great deal of buyer demand. With the industrial market so strong right now it’s an excellent time to capitalise if you’re considering selling.
For more details contact Rory White 0439 655 504.