November 30, 2016

Retail investments in demand

SOLD - 1289 Nepean Hwy, Cheltenham

A single storey retail / showroom property at 1289 Nepean Highway was sold by James Glen and Julian Vautin of Nichols Crowder before auction for $1.1 million. Located within the Cheltenham Activity Centre, the 221sqm building on a property of 555sqm provides an opportunity for further development (STCA). Vautin says, “Retail properties on Nepean Highway are tightly held, with demand particularly strong for larger buildings with development potential.”