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HIGH DEMAND FOR QUALITY INVESTMENT PROPERTIES

A local investor has purchased 2 investment properties side by side under the hammer at 58-60 & 62 Carroll Road, Oakleigh South for a total price of $3.17 Million.

Offered on the market by Crabtrees Real Estate as an opportunity to purchase one or both, 58-60 Carroll Road features 2 properties on one title returning approximately $116K pa net and SOLD for $2.08 Million resulting a 5.5% yield. 62 Carroll Road returns an income of approximately $65K pa net with long term tenancy and SOLD for $1.09 Million on a 5.9% yield.

Crabtrees director Gavin Dumas explains, “Once again competition has produced an excellent result as investors compete strongly for income in a market where there are with limited opportunities to purchase quality real estate assets.” Also claiming “The auction process is working fantastically well for investment stock and we expect this trend to continue”

For more information please contact Gavin Dumas on 0411 878 423 or Rodney King on 0422 839 870.