Offered for sale by public auction on 13th November 2014 was the property situated at 13 Commercial Drive, Ashmore.

The property consisted of a land parcel of 1,582m²* and a building of 750m²* made up of 5 fully leased tenancies providing an annual income of $82,000pa* gross.

During the course of October and November we ran a comprehensive marketing campaign (as detailed below) which attracted 26 enquiries, 10 written offers / price indications and a strong auction was conducted with strong bidding up to $1,200,000 (10% deposit, 30day settlement) reflecting circa 6% nett.

Sales Analysis*
Lettable Area:1,582m²*
Enquiries:26
Written Offers / Price Indications10
Budget$13,441*

 

Sales Process*
Process:Auction
Marketing Time Frame:8 Weeks
Strong bidding up to:$1,200,000
Return:Circa 6%

*approx