High Profile Craigieburn Investment sells for $20m


High Profile Craigieburn Investment sells for $20m

Sold - 264-270 Craigieburn Road, Craigieburn

Gross Waddell ICR is delighted to announce the sale of 264 - 270 Craigieburn Road, Craigieburn.

The campaign generated strong interest from over 100 local investors and private funds resulting in a sale of not only the subject property but additional land at the rear. The successful purchaser has plans to develop the additional land and retain it as a long-term investment.

Sale highlights include:

Sale price: $20,000,000
Total land area: 12,576m2*
Enquiries: 120+
Multiple offers received

Located in immediate proximity of both Craigieburn Central and Craigieburn Junction Shopping Centres the property is anchored by a 7 Eleven and Red Rooster, providing a combined income of $777,429* p.a. net with fixed increases from six tenants across seven tenancies. 

* approx.


About the author
Ready Media Group
Ready Media Group
1481 contributions
Joined Oct, 2020
Ready Media Group provides up-to-date business and industry content covering the latest transaction activity, exclusive insights and interviews with thought leaders from across Australia.

Similar Content

Property Showcase
Property Showcase
Property Showcase
Industry Trends
Industry Trends
Industry Trends
Property Showcase
Property Showcase
Property Showcase
Industry Trends
Industry Trends
Industry Trends
Property Showcase
Property Showcase
Property Showcase
Development News
Development News
Development News
Development News
Development News
Development News
Property Showcase
Property Showcase
Property Showcase