Track Record

SOLD VIA ONLINE AUCTION: 33 Cook Street, Flinders

August 25, 2021

An online auction for a group of 10 shops at 33 Cook Street has ended with a sale price in excess of $6 million, and nearly $2 million above the reserve price. 

This represents a sale price of more than $3,000 psm on the land of about 2,023 sqm, and about $9,400 psm on the building area of approximately 650 sqm.  On the current leases, the sale price resulted in a yield of around 2%. 

Marketed and sold by Jamie Stuart and Tanya Scagliarini of Nichols Crowder, there were over 230 enquiries and 6 registered bidders, culminating in five separate bidders on auction day.

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