Acting for offshore clients, we conducted all relevant due diligence necessary to attend this auction. We assessed the value at $4,300,000. Our clients were the under bidder on this property at $4,600,000, which was our "walk away" number. The property sold for $4,640,000 on a cap rate of 3.99%.
Sale
By public auction
Building
Ground floor / basement and 1st floor mezz. (327m²)
Upper Office (365m²)
Upper Office (365m²)
Net Rental
$185,221
Of note
Strata title
Cars
Nil
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