Success Stories

RINGWOOD EAST 51B Mt Dandenong Road

  • SOLD June 2010
  • Property type: Commercial Investment
  • Vendor client: Private Owner
  • Buyer calls: 35
  • Inspections: 4

"Like 492 Elgar Rd, Box Hill, this property was highly sought after by investors noting its long lease to a state government body. The result reflected a 5.8% yield at a price of $2,075,000 - which was a total 12.75% above the vendors reserve price expectations."
Joseph Walton (Director)

THE RESULT: Sold @ auction to a private investor
SALE PRICE: $2,075,000

Key Property Features:

  • Modern single-storey, fully-fitted commercial building, comprising garage, rear car park, offices, driveways and landscaping, utilised as a commercial office branch by Ambulance Victoria.
  • Lease Term: 12 years (+ options)
  • Building Area: 348 sqm (approx.)
  • Land Area: 1,093sqm (approx.)
  • Current Rental: $121,292 pa (approx.)
  • Land Tax excempt
  • Significant depreciation benefits
  • "A" grade tenant

Key Marketing Initiatives:

  • Campaign Slogan: "LIFE-SAVING INVESTMENT OPPORTUNITY. . . HEALTHY RETURNS GUARANTEED!"
  • Media Advertising: THE AGE (Wed's & Sat's x 8 inserts)
  • JEWISH NEWS (Fri's x 3 inserts)
  • 1,000 full colour glossy A4 d/s brochures
  • Mailout: 900 qualified buyers
  • Property Reports
  • Signboard
  • Internet advertising