Huge demand for Collingwood’s sought after commercial precinct sees warehouse investment sell at a net return of 4.1%, after 50 bids.
GormanKelly were pleased to see enquiry levels and interest in this precinct remain as strong as we have seen in our campaigns earlier this year. With a finite supply of similar opportunities, we saw excellent interest from both investors and potential occupiers, many of whom were prepared to wait out the six year lease.
If you are looking to find out more information on the sale price and rates for Unit 4, 80-86 Cromwell Street, Collingwood, feel free to contact us or click on the link below.
If you need advice on selling, leasing or managing commercial properties, let us know how we can help you.
Written by Aldo Galante
For over 30 years, Aldo has been at the forefront of Australia’s fast-evolving property industry. He served as President of the prestigious Australian Property Institute (Vic), providing determinations on rent-reviews and valuations