The opportunity to purchase 49 Kremzow Road was initially included with the adjoining property, 51 Kremzow Road. Both properties were offered to the market in one line with vacant position. The properties together provided an opportunity for redevelopment or renovation/occupation.
Marketing of the properties included extensive signage at the property due to their prominent position, along with both print and digital mediums. Enquiry and inspections were consistent throughout the 5 week campaign. The majority of interest was from owner occupiers and speculative investors.
Both properties on auction day were offered in one line, however, feedback post auction indicated demand for the purchase of each property individually. Within a short timeframe post auction, 49 Kremzow Road was under contract and subsequently settled.
The main features of the property include:
– Freestanding building GFA 1,231m²*
– 2,740m²* general industry zoned land
– Just off the main intersection in Brendale
– Large scale power supply to the site
|Method of Sale:||Auction|
|Marketing Time Frame:||5 weeks|
|Sale Price:||$1,325,000 + GST|
|Settlement Date:||15 April 2016|
|Tenancy Status:||Vacant possession|