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
Car park land 330m²
Cars
30
Net income
$442,380
Minimise the risk and take advantage of our expertise.
For a comprehensive list of how we can help you achieve your goals, find out more today.
Our Services