Quality Strata Office Suites in Demand

Gorman Commercial’s David Minton sold Suite G03, 12-14 Cato Street, Hawthorn East for $820,000 on a rate of $5,190/m2 to a local owner occupier. “Quality strata office suites in the eastern suburbs are in strong demand from owner occupiers and investors”, said David Minton. This sale comes on the back of the sale of Suites 210 & 301, 12-14 Cato Street, Hawthorn East within the same building selling for $1,160,000 and $1,450,000 reflecting rates of $5,742 per square metre and $5,513 per square metre respectively.