Melbourne’s Market Begins to Open Up Post Lockdown

Gorman Commercial’s Tom Maule negotiated the sale of a well-presented and versatile two-level building at 4 Illowa Street, Malvern East sold for $800,000 on a 3.75% yield to a local investor during Melbourne’s sixth lockdown. Over 98 enquiries were received during the private sale campaign. “With Melbourne’s lockdown coming to a close and the market beginning to open up again, we are finding strength across all sectors of the commercial property market”, commented Tom Maule.