Retail Assets within Traditionally Strong Suburban Shopping Strips Perform Well

Tom Maule and David Minton of Gorman Commercial along with Michael Gross and Alex Ham of Gross Waddell have sold 759 Glenferrie Road, Hawthorn for $1,494,000. The sale showed a land rate of $8,120 p/sqm and building rate of $9,960 p/sqm. Mr Maule commented, “Retail assets within traditionally strong suburban shopping strips are still being very well sought after.”