High Profile Craigieburn Investment sells for $20m


October 2021
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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.

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