425–427 Riversdale

425–427 Riversdale Road, Hawthorn mcraecomm 425 427riversdale 2

Acting for local clients, we conducted all due diligence on the purchase, upgrading and re-leasing of this property. In our view this exercise was not at all viable, however in the process we valued the property at $8,000,000 and it sold for $8,350,000, showing a cap rate of 5.3%.

Sale By public auction
Building 1179m² over 2 levels
Land Office land 739m²
Car park land 330m²
Cars 30
Net income $442,380

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