November 20, 2018

Your Ideal Destination

5 East Concourse, Beaumaris

The tightly-held shopping strips in Bayside continue to be popular with buyers.  Further evidence of this was seen with the recent auction of 5 East Concourse, Beaumaris, which sold under the hammer for $950,000.

Under glorious sunshine and in front of a crowd of around 40 spectators, the 91sqm shop attracted three spirited bidders.  The property was eventually sold to an owner occupier, on an effective yield of 4.73%.

Lachlan Mackenzie, Sales and Leasing Executive, explains that this part of Beaumaris is particularly popular.  “One of the main reasons is that this area has a very loyal customer base”, he says.  “Plus, there’s a good mix of property uses and a high average annual income in the suburb and surrounding region.”

For further details contact: Lachlan Mackenzie 0422 564 570