RECORD 1.8% YIELD ON INVESTMENT ACHIEVED AT BRUNSWICK AUCTION
CRS Property was privileged to offer 43-45 Edward Street, Brunswick for Sale by Public Auction on Friday 23rd March at 1.00 pm on-site.
The site received excellent enquiry throughout the four week campaign with George Petropoulos of CRS Property being confident of achieving a solid result for our loyal clients.
A huge and excited crowd gathered at Edward Street with the Auction kicking off with an opening bid of $1.5M. Five separate bidders then battled it out as the auctioneer went back and forth between the keen buyers. A total of 26 bids were recorded with the hammer going down at an impressive $2.4mil.
A record 1.8% yield on investment and a rate of $4,800m2 was achieved for this Industrial 3 Zoned site in Brunswick, within close proximity to Sydney Road.
George Petropoulos of CRS Property was elated with the strong result saying “after an impressive week of Auctions for CRS, this is the icing on the cake and we couldn’t be happier with the results achieved for our client”.
CRS held five auctions in three days last week and achieved wonderful results with four out of five selling under the hammer.
This property was marketed by George Petropoulos and Ross Mercorillo who would welcome the opportunity to discuss your requirements.