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.

 

Sales Analysis*
Sale Method:Auction
Total Inspections:13
Contracts Issued:29
Registered Bidders:7
Sale Price:$1,300,000
Sale Date:16th March 2016
Marketing Budget:$12,746.37
Total Enquiry:42

 
*approx