Demand for Secure Income Producing Assets

A property leased to Dulux at 64 Dandenong Road West, Frankston sold at auction for $1,970,000 on a tight yield of 4.7%. Tom Maule and Stephen Gorman of Gorman Commercial said, “The property was extremely well received by the market place with 6 bidders showing good demand from investors in the market place looking to secure income producing assets.”