The GormanKelly team has sold another prime retail property days before our scheduled auction.
With the uncertainty of the Auction outlook due to Covid lockdowns, the Vendors decided to accept a very attractive offer received beforehand.
After more than 30 years of successful trade, it was decided to sell the property and the campaign produced a great result for the owners.
The property attracted a large amount of interest from investors and developers with its underdeveloped corner location however it was the occupiers looking to acquire the freehold and take advantage of decades of goodwill in the business who proved to be the front runners.
Penang Coffee House, one of the pioneering Malaysian Restaurants in Melbourne, will continue to provide its loyal following with Malaysian delights until Christmas and we look forward to seeing the new chapter unveiled in the new year.
This and other recent campaigns in the area have provided GormanKelly with a huge amount of unsatisfied purchaser interest and requirements from investors, occupiers and developers.