Airport West Auction Success
CRS Property has concluded a four-week Auction campaign resulting in the successful sale of 77A & 77B Matthews Avenue & 5 & 7 Victory Road, Airport West at auction on Wednesday 21st March 2018.
The property known as 77A & 77B Matthews Avenue, Airport West was offered subject to existing tenancies which provide a regular income of $94,332 per annum and a rare opportunity to secure an excellent investment in this tightly held commercial precinct.
5 & 7 Victory Road, Airport West provided immediate income of $65,360 per annum from the café/Kiosk with the warehouse allowing the purchaser to have the choice of owner occupation or further investment.
Matthews Avenue received good enquiry throughout the campaign. After a tight bidding contest between several interested parties the hammer finally went down at $1.470M to a local investor.
Victory Road received very strong enquiry throughout the campaign with Lou Montalti of CRS Property stating “very confident of achieving a great result for our valued clients”. After another tight bidding war the hammer came down at $972,000.
Ross Mercorillo of CRS Property was thrilled with the result saying “We received considerable enquiry throughout both campaigns and were confident about achieving a positive results for one of our valued clients”.
This property was marketed by Ross Mercorillo and Lou Montalti who would welcome the opportunity to discuss your requirements.
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