October 10, 2016

Sold: 143 - 145 Gardenvale Road, Gardenvale

Trophy Investment

Potential purchasers braved the cold weather to attend the sale of a rare trophy investment at 143 – 145 Gardenvale Road, Gardenvale. This high profile corner property sold after auction on Wednesday the 5th of October at 12noon on site, to the delight of the vendors.  

According to Nichols Crowder selling agent, James Glen, ‘We had interest from several local investors who saw the value in a high profile asset, located in the most affluent area of Nepean Highway.’

Positioned on the prominent corner of Nepean Highway and Gardenvale Road, this retail investment provided an income stream to the purchaser of $88,819 per annum with future rental growth. The building itself, a two storey freehold, comprises two ground floor shops and a first floor office. All leased to separate destination tenants on new lease terms.  

The purchaser was a local investor.

For further information contact:

JAMES GLEN 0401 493 277