With a committed crowd of over 30 people, the auction kicked off to a very strong start with multiple bidders on the day. The property sold under the hammer and reached $281,000 over the reserve, despite the weather.

Sales Executive Tanya Scagliarini noted that “the campaign had an incredible reach, not only to local but interstate buyers, who were looking to park capital into such a secure investment which rarely comes to the market. Similar to that of Medical, these types of investments are few and far between due to the strong owner-occupier bias.”

Co-Selling Agent Jamie Stuart also mentioned, “that while other investment classes have been influenced by interest rate rises, medical properties and particularly those within the Mornington Peninsula, are continuing to show excellent resilience and prove why medical/vet clinics are at present regarded as the strongest investment class.”