Crabtrees were excited to offer a securely leased office at 647 Waverley Road, Glen Waverley to the market.
Positioned on a well-known main road, the property sits across from the Glen Waverley Aquatic centre and close-by to 'The Glen' shopping centre. The site features approximately 337sqm of prime office space and is accompanied by 10 car spots. Tenanted by Peace and Hope Pty Ltd, trading as 'James An College', the opportunity presents a current return of $91,833 per annum.
More than 20 attendees came along to the auction eager to learn the fate of the sought-after office building. Once the buyers were well-educated on the opportunity at hand, the bidding started on a vendor bid of $1.5 million. Soon after, 3 bidders raised their hands and participated in the auction. The property was placed on the market at $1.855 million before selling under the hammer for $1.885 million.
Full marks awarded to Crabtrees on a wonderful selling result! - A+
