2 properties passed in at Bayleys 12 April Total Property commercial auction have since been sold. The agency’s next Total Property auction is next Wednesday, 17 May.
4 Newsome St:
Features: 493m2 bare site zoned mixed use, height limit 21m
Outcome: no bid at auction, sold for $725,000 at $1470.60/m2
Agents: Tony Chaudhary & Janak Darji
3 Bancroft St:
Features: 3584m2 site, partially refurbished 2500m2 standalone industrial building, 6-year lease to a tenant in occupation for over 30 years
Rent: $225,000/year net + gst
Outcome: passed in at $2.775 million at the 12 April auction, sold for $2.8 million at an 8% yield
Agents: Dave Stanley & Stuart Bode
Attribution: Agency release.