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Occupied by Toy World in excess of 30 years, 416 Glenhuntly Road sits diagonally opposite the new Coles development at the intersection of Orrong Road. Two bidders fought it out from start to finish and left other interested parties in their wake.
Download the sale results including sold price, area rate, and other details of this commercial property here.
The result confirms that the market remains very strong for established well-located investments.
Huge demand for Collingwood’s sought after commercial precinct sees warehouse investment sell at a net return of 4.1%, after 50 bids.
GormanKelly were pleased to see enquiry levels and interest in this precinct remain as strong as we have seen in our campaigns earlier this year. With a finite supply of similar opportunities, we saw excellent interest from both investors and potential occupiers, many of whom were prepared to wait out the six year lease.
If you are looking to find out more information on the sale price and rates for Unit 4, 80-86 Cromwell Street, Collingwood, feel free to contact us or click on the link below.
Download the sale results for this property.
GormanKelly specialises in helping investors make the most of their Melbourne commercial property investments. We do this by providing a level of service, local knowledge and expertise that are unparalleled and by building and nurturing worthwhile relationships with our clients and local community.
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