Interest From Investors in Well-located Blue-chip Investment

60 Glenferrie Road, Malvern sold at auction to a local investor for $1,700,000 on a 3.73% yield. Seven bidders vied for the tenanted property leased to a picture framing business situated in a high profile position on Glenferrie Road, Malvern. Selling agents, Jonathon McCormack and Nathan May of Gorman Commercial commented, “There has been a resurgence of interest from investors for well-located blue-chip investments providing a steady income return.”