November 30, 2016

Strong Apppetite for Retail Investments

Beaumaris
332 Balcombe Road

SOLD PRIOR TO AUCTION

Retail investments in the Bayside region are proving increasingly popular. A prime single level retail building at 332 Balcombe Road sold prior to auction for $960,000. With a quality long-term tenant, the building of 135sqm is set on a property of 222sqm. James Glen of Nichols Crowder handled the campaign, saying. “We’re seeing a lot of demand for retail investments with solid tenants. A shortage of these properties is keeping prices at a high level.”