Investors Show Interest in Sydney Road, Brunswick

Gorman Commercial’s Dean Alexander and Tom Maule sold 644 Sydney Road, Brunswick at auction for $888,000 on a 3.8% yield. Over 80 enquiries were received throughout the sale campaign resulting in multiple bidders at auction. “With the market continuing to recover from the 2020 COVID-19 environment, we are finding a huge demand from investors in the sub-million dollar price range for well-located and leased investments”, commented Tom Maule.