Strong Demand for Sub-Million Dollar Investments

Gorman Commercial in conjunction with Woodards Carnegie sold 1136 Glen Huntly Road, Glen Huntly prior to auction for $950,000 on a yield of 4.1% to a local investor. The property comprised a two-level retail/residential freehold on a site of 199 sqm within Glen Huntly retail village. Selling agent, David Minton, said “the property was attractive given the sub $1 million price bracket where we are continuing to see strong demand from investors largely purchasing within Self-Managed Super Funds”.