210 Riversdale

210 Riversdale Road, Hawthorn mcraecomm 210riversdale 1 v3

Acting for local clients, we conducted all due diligence on the purchase, holding, eventual upgrading and re-leasing of this property. In our view this exercise was viable at a value of $4,375,000, however a buyer paid $4,720,000 at auction showing a 4.63% cap rate. Our losing bid level was $4,500,000. A very strong result based upon available evidence.

Sale By public auction
Building 740m² over 2 levels
Land 544m²
Cars 10 on grade
Net income $218,545

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