Freehold Office/Residential Sells in Port Melbourne

A freehold office/residence at 81 Raglan Street, Port Melbourne sold under the hammer for $1,205,000 on a building rate of $11,000 psm to an owner occupier. Andrew Prowse and Nathan May of Gorman Commercial conducted the auction campaign which gained strong interest from both commercial and residential owner occupiers. The property sold on a 3.2% yield.