Crabtrees Real Estate Director Chris McKenzie and Senior Executive Joe Monea have sold a secure industrial investment in Clayton South for $1,920,000 at auction.
17 Meriton Place comprises of a solid freestanding warehouse of 810 sqm* leased to 1 Stop Home Pty Ltd on a new 3 x 3-year lease and returning $70,000 pa net.
“Enquiry levels were strong throughout the campaign as investors struggle to secure quality investments with the limited offerings in the current market.’ commented Joe Monea.
‘In the end, a robust bidding competition between two determined buyers resulted in a sale price above vendors expectations reflecting a yield of 3.64%.” Joe Monea, Senior Executive.
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For more information contact exclusive selling agents:
Chris McKenzie on 0418 321 065
Joseph Monea on 0448 486 665