Quality Caulfield Junction Investment Sells Under The Hammer


Quality Caulfield Junction Investment Sells Under The Hammer

SOLD - 152 Hawthorn Road, Caulfield North.

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+


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