The property was sold at auction by Ray White Commercial’s Mark Dann for $1.46 million under instructions of Receivers and Managers.
18 Proe Street is a 438m²* property with an older style warehouse of approximately 428m²*.
The property features include a timber floor warehouse area with a loading dock to the front left- hand side. There are two office ‘pods’ constructed within the warehouse and rear stairs lead to a sub floor storage area. The property has a brick façade at the front and timber frame with congregated iron sheeting walls and roof.
8 Proe Street was sold on a vacant possession basis and attracted a high level of enquiry from owner occupiers, investors and developers.
|Method of Sale:||Auction|
|Marketing Time Frame:||6 weeks|
|Auction Date:||11 Apr 2014|
|Number of Bids:||18|
|Sale Price (Under the hammer):||$1,460,000|