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NOTTING HILL INVESTMENT SOLD UNDER THE HAMMER
1-5 Nantilla Road is home to long term tenants Elco Food Co, a national wholesaler & distributor of high quality foods including Dodoni Greek feta cheese and returns $381,100pa net.
A strong marketing campaign by Crabtrees Real Estate saw the 2,466sqm office warehouse go under the hammer in front of a crowd of approximately 50 people as 2 eager bidders competed for a slice of the South East Melbourne investment pie.
“We were confident the property would be highly sought after, given the lack of quality investments on the market, particularly in this location,” said Crabtrees Director Grant Tishler.
“This sale reflected a 5.43% yield which highlights the strength of the investment market” added Luke Pitcher.
For more information please contact Grant Tishler on 0417 552 919 or Luke Pitcher on 0417 055 578.
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