Former Milk Bar Reconfigured into a Modern Office Sells Quickly to a Local Owner Occupier

Owner occupiers, Stiles and Shefield ( Equipment Finance Brokers ), have sold their office at 5 Ruby Street, Burwood East as they plan to retire. The former milk bar located in a predominantly residential street was renovated about 15 years ago and now comprises a modern office with 6 partioned rooms, modern amenities plus rear parking. Comprising a building area of 150m2 on a commercial 1 zoned land area of 180m2 approx., the property sold to a local owner occupier. Dean Alexander of Gorman Commercial said, “The property sold for $610,000 after being active on the market for a relatively short period of time.”