Multiple Bidders Vied for this Versatile Shop & Residence

Tom Maule and Dean Alexander of Gorman Commercial handled the sale of 151 Sydney Road Brunswick for the long-term interstate owner which sold at auction in front of a large crowd for $1,380,000. Multiple bidding pushed the sale price $200,000 above the reserve. Offered for the first time in 50 years this versatile shop and residence located in the prime part of Sydney Road in close proximity to Barkly Square Shopping Centre was sold with vacant possession. The property comprised a building area of 164 sqm on a land area of  151 sqm with a R.O.W at the rear. Dean Alexander commented, “The sale demonstrates the strength of the market for well-placed retail freeholds vacant or tenanted.”