Good Quality Properties are Highly Sought After by Local Investors

Gorman Commercial’s Tom Maule and Jonathon McCormack sold 88 Maling Road, Canterbury to a local private investor. The agents declined to comment on price, however it is believed to be a circa 4% yield. Tom Maule said, “The property was very well received by the market place with a number of investors competing for the asset. The sale demonstrates that good quality properties such as this are still highly sought-after by local investors in the current market place.”