February 23, 2017

SOLD AT AUCTION: 6 & 8 Commercial Road, Highett

Commercial Flexibility

SOLD AT AUCTION
6 & 8 Commercial Road, Highett
Wednesday 22nd February at 12noon on site

Wednesday the 22nd of February presented to be a beautiful day which ended with a very happy vendor. 6 & 8 Commercial Road, Highett sold as one entity under the hammer for $1,320,000 in front of a crowd of approximately 30 people, with two key bidders vying for the property.

Senior Sales and leasing Executive, James Glen, explains, “This industrial pocket is one of the most tightly held in the whole of Industrial Moorabbin / Highett, and to get two standalone warehouses within it is such a unique offering.”

The property itself included two warehouses, one vacant and one tenanted, allowing the purchaser to potentially owner occupy number 6, whilst receiving income from number 8.

With a total building area of 832m² (approx.), on 1,309m² (approx.) of land, each warehouse has excellent ceiling height, electric roller doors, 3 phase power and large rear hardstand areas of around 160m² (approx.) each. Number 8 has total office space of 118m² (approx.), and a kitchen, number 6 is more basic with only toilet facilities.

The purchaser was a local investor. For more information, contact: James Glen on 0401 493 277.

NB: All areas and measurements are approximate.