A local owner occupier/investor had been on the hunt for some time looking for a freestanding industrial building. When all the available properties failed to fulfill their requirements, we took a traditional method by getting the buyer in the car, and simply drove him around the local industrial estates looking for off market options that looked suitable.
After seeing 7 Trade Street, Ormiston as an ideal option, the purchaser was interested in putting an offer to the owners. Though the property was not on the market for sale, being retirees, the previous owners were willing to downsize their portfolio, and we were able to lock the deal in for the purchaser.
Located in the sought after Trade Street precinct, 7 Trade Street contains three (3) separate units, ranging in sizes from 170-180sqm* and are suitable for most industrial uses. All units provide roller door access, 3 phase power and basic self contained amenities.
| Sold Date | 06/10/2020 |
| Sale Process | Private Treaty |
| Sale Price | $965,000 |
| Land Area | 1,000 sqm* |
| Building Area | 545 sqm* |
| Rental Yield | 6.8%* |
| Vendor | Horton Group Holdings Pty Ltd |
| Purchaser | GWP Super Holdings No 1 Pty Ltd |
* Approximately
Perfectly situated on Russell Street, within easy walking distance to the Cleveland central shopping area, the commercial property at 3/115-119 Russell Street offered a unique opportunity for businesses with warehousing, storage, office, and showroom requirements. However, despite its ideal location and attractive features, the property initially presented a challenge due … Read more
133 Queen Street is a first-floor tenancy situated in the heart of Cleveland’s bustling business precinct. The property posed several challenges due to its location on the first floor with stair access only, coupled with its tired and neglected condition. The owners had resigned themselves to believing that finding a … Read more