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FREEHOLD INVESTMENT IN CLAYTON SOLD FOR $2.89M

A High quality industrial investment in Clayton returning $135,200 pa net SOLD at Auction for $2.89Million by Crabtrees Real Estate last week. A large crowd watched a bidding war unfold between multiple parties with a total of 45 bids driving the result well above reserve and reflecting a tight yield of 4.5%.

The freehold investment at 2 Torteval Place, Clayton features high clearance warehouse/office of 1,305sqm approx. with a 2 x 2 lease in place with 4% annual increases.

“We knew this freehold property would whet the appetite of the current market that is lacking in quality industrial investments.” Stated Rodney King.

For more information please contact Rodney King on 0422 839 870 or Chris McKenzie on 0418 321 065.