Last week’s auction at 421 Riversdale Road, Hawthorn East, saw competitive bidding between local investors, with the successful bidder securing this well presented single level leased commercial investment property. The property attracted strong interest from investors, keen to secure this quality single level freehold property with a new five (5) year lease returning a net rental of $25,461.6 pa. Our happy vendor, having owned the property for over 30 years, was delighted to see the property pass to another local investor.
If you would like to know more about the campaign results, click on the link below.
The price is undisclosed but if you wish to discuss the sale result further, or need property sales support, feel free to contact me today.
Written by Richard Munday
Having specialized in Retail Leasing within the Cities of Boroondara, Stonnington and Port Philip, and more generally in commercial sales & leasing for some 30 years, Richard is considered a local Melbourne commercial property expert.