First Time Investors Look for Sub-million Investments

Gorman Commercial’s Nathan May and Andrew Prowse sold Suite 7, 45-51 Ringwood Street, Ringwood via a private sale campaign to a local investor for $605,000 on a 5.5% yield and building rate of $7,658 p/sqm. “The newly signed lease and positioning opposite Eastland Shopping Centre was attractive to first time investors,” commented Nathan May.