COMMERCIAL REAL ESTATE NEWS, TRENDS AND INSIGHTS
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26YEARS
$
OF PROPERTY INSIGHTS
10,000
+
LOCAL INVESTORS REACHED

Bidding War Leaves Buyers On Edge at Auction

By | 21/12/2021

639 High Street Road, Mount Waverley SOLD

GormanKelly is pleased to advise the recent sale at public auction of 639 High St Rd, Mount Waverley. An interstate investor bought the property for $740,000. The strong competition was evident with 5 bidders at the auction.

This retail premises was owned by the same family for some 5 decades and originally operated as a butcher.

The premises enjoys prominent exposure with excellent potential for further development in the future and currently returns $26,490, reflecting a yield of 3.6%.

To view the sale results of this property, click here or the image below.

Download Sales Results

Please contact us for further details about this sale, or to discuss how we can help sell your property.

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Nick Breheny

Written by Nick Breheny 

"Nick commenced his career in the Eastern Suburbs and brings over 30 years’ experience in commercial property sales and leasing with an emphasis on development sites and investment property."

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