Stonnington Corner Investment

Gorman Commercial’s Jonathon McCormack and Andrew Prowse together with Crabtrees Real Estate’s Chris McKenzie and Saul Akoka sold a corner freehold asset anchored by ‘Pizza Hut’ via online auction for $2,419,500 to a local private investor. With over 100 enquiries and multiple bidders, the property sold on a circa 4% yield. “Investors saw value in this well-located asset with secure lease and long-term income,” commented Jonathon McCormack.