Leased Within Two Weeks of Being Taken to Market

Exceland Real Estate are moving to G02, 8 Ellingworth Parade, Box Hill. Gorman Commercial’s Lachlan Maynes negotiated a four year lease with a three year further term on a commencing rent of $52,250 pa net. The 145 sqm property was leased within the first two weeks of being taken to market with strong interest from multiple groups on a building rate of $360 psqm. Lachlan Maynes commented, “This deal highlights the continuous demand for retail properties from businesses that need to continue operations though the pandemic.”