Multiple bidders battle it out for a rare City Fringe freehold office with interest from Investors, Developers and Occupiers alike culminating in over 50 bids. The sale was a pleasing result to the Vendors who have owned the property since its construction over 30 years ago.
This partially leased investment of 448 sqm NLA complimented by 14 onsite car parks is set to undergo an ‘Inner City Creative’ make-over and be re-offered to the market for lease as one of Collingwood’s best located and highly sought after smaller office buildings with areas ranging from 96sqm – 230sqm.
If you wish to see the sale results of this property, click here to get all the details in a downloadable PDF document.
If you wish to discuss the sale results further, or are thinking of selling your commercial property, feel free to contact me today.
Written by Samuel Torrance
A Bachelor of Commerce and a background in finance and hospitality provided Sam the ideal platform from which to launch his career in commercial real estate with GormanKelly.