A Well-Heeled Battle
Monday 21 October 2019

Last month, six parties battled it out for the purchase of 44 Healey Road, Dandenong South, an office/factory of 1,034m² on land of 3,473m², with a large concrete hardstand. 

 

Keen interest came from a majority of owner-occupiers and a few investors. As the property has an under-performing tenant returning $85,215pa, the vendor was missing the opportunity of an optimal outcome. With the implementation of active management, the lease was terminated and the property was able to be offered as a vacant possession, increasing the appetite for owner-occupiers. 

 

A combined effort by the Vendor and Facey Property Management ensured that the building presented in the best possible condition on auction day. Our tailored marketing strategy resulted in a sale price of $300,000 over the Vendors expectations, which is an outstanding result. 

 

"The Vendor invested in a major clean up of the site allowing us to present the site as a spacious blank canvas. The eventual successful bidder was an owner-occupier intending to fully renovate the offices and warehouse, and utilise the yard for his construction business." 
Ian Kilgour, Lead Agent - Facey 

 

"We were advised of the property following a direct phone call from Facey. We were able to inspect the property immediately and instantly realised this suited our requirements." 

Property purchaser

 

 As featured in the Property Preview, edition 4 2019 - available online now!

                       

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