Crabtrees Real Estate Senior Executive Saul Akoka and Director Gavin Dumas have sold a freehold industrial facility in Cheltenham at Public Auction for $2,005,000.
22 Taunton Drive offers 757 sqm of versatile office warehouse on a site of 974 sqm. The property comprises clearspan warehouse of 607 sqm, office/showroom area of 150 sqm, motorised roller door and is tenanted until January 2023 (nil options).
“Once again we enjoyed a competitive auction with multiple buyers. The successful buyer was an Owner Occupier who had missed out on some other opportunities” commented Saul Akoka
“Interestingly we had both Investors and Owner Occupiers compete and the weight of funds ready to invest in industrial real estate in particular remains strong with more than 80 enquiries for this opportunity” commented Gavin Dumas.
For further information, please contact exclusive selling agents:
Saul Akoka on 0427 632 030
Gavin Dumas on 0411 878 423