4 Sales in 24 Hours
Gorman Commercial has sold 4 retail properties within 24 hours with two selling prior to auction and two selling under the hammer at auction. The properties which ranged between $880,000 and $1,485,000 were all sold to locally based investors on yields ranging between 2.7% and 4.3%.
The properties included 297 Auburn Road, Hawthorn which was sold prior to auction on a 3.6% yield, 301 Auburn Road, Hawthorn which sold at auction for $1,485,000 on a yield of 2.7%.
453 Swan Street, Richmond was sold at auction for $1,165,000 reflecting a yield of 4.3% with four bidders fighting it out.
6 Hamilton Street, Mont Albert was sold prior to auction for $880,000 to a local investor who will now lease out the vacant property.