THREE FOR THREE
Crabtrees Real Estate Director Chris McKenzie along with Executive Pana Kritikos and Senior Executive Saul Akoka have sold three industrial assets in Clayton South at public auction for a combined sales result of $2.15 million.
Sold separately to individual investors/owner occupiers, these properties attracted strong enquiry with over 50 enquiries and multiple bidders on auction day. These results demonstrate the continued strength of the south eastern the industrial market.
137 Westall Road
SOLD for $760,000 – Building rate: $3,535 psm
+ 215 sqm total building area
+ Leased on a monthly tenancy
+ Returning $27,241.80 per annum (net)
+ 3 car parking spaces
137a Westall Road
SOLD for $670,000 – 3.25% yield
+ 175 sqm total building area
+ Leased on a 2-year lease from 6th August 2021
+ Returning $21,808.80 per annum (net)
+ Annual 4% increases
+ No further options
+ 2 car parking spaces
139 Westall Road
SOLD for $720,000 – Building rate: $3,731 psm
+ 193 sqm total building area
+ Leased on a monthly tenancy
+ Returning $24,980.28 per annum (net)
+ 2 car parking spaces
http://ow.ly/hZ1B50I9R5A
For more information, please contact exclusive selling agents:
Chris McKenzie on 0418 321 065
Pana Kritikos on 0418 358 700
Saul Akoka on 0427 632 030