The mutli-tenanted freehold title property of 576.96m²* located on a high profile roundabout in central Croydon was sent to Auction in the first quarter of 2016 by exclusive agent, Paul Waterhouse of Ray White Ferntree Gully.
The property had a passing net rent of $82,236.36* and fully let net rent of $107,236.00* per annum. These attributes in addition to long term tenants and 12 car spaces attracted 42 inquiries, with 7 registered bidders on Auction day.
With energy and spirited bidding, 4-6 Croydon Road was sold under the hammer for $1,300,000 to a private Chinese investor for $150,000 over reserve.
|Sale Date:||16th March 2016|