The industrial investment market continues to be the market darling, as evidenced by the stunning auction result at 8 -12 Coora Road, Oakleigh South.

In front of a crowd of more than 60 people, four bidding parties participated in arguably one of the strongest auctions this season. Auctioneer Matt Nichols took over 120 bids, with the property finally selling for $5.32 million, some $1 million over reserve.

Featuring three tenants across four buildings on a total site area of 7,398sqm, the property sold to a local investor on a 6.2% annual return.
“We had very strong enquiry throughout the marketing campaign from investors attracted to the strong income now, and the potential future upside,” explained Julian Vautin, Sales and Leasing Executive.

View our sale & lease results