Gross Waddell ICR is delighted to announce the sale of 3 shops and dwellings on 1 title located within the Caulfield South retail precinct via online auction on Wednesday 25th August 2021.
Located at 718 – 722 Glen Huntly Road, 55 groups viewed the auction via Zoom and saw 2 buyers compete for the property which sold under the hammer for $3.030 million, representing a yield of 3.5%*. The campaign generated significant enquiry from all buyer groups with the eventual buyer being a Melbourne based investor.
According to Council records, the property was built in 1920 and features an attractive Tudor style façade and was offered to the market with a current rental of $106,164 p.a.* net.