Gross Waddell ICR is pleased to announce the sale of 152 Hawthorn Road, Caulfield North.
A crowd of circa 50 people attended Wednesday’s auction and saw 3 bidders compete for the property which sold under the hammer for $1.520 million, well above vendor expectations. The purchaser was a local investor.
The property represented a quality investment, well located within the Caulfield Junction retail strip with 2 tenants returning $53,245p.a. This was the first time in over 40 years that the property was offered for sale.
Sale price: $1.520 million
Yield: 3.5%
Bidders: 3
Enquiries: 100+
