Case Study: 1 Graham Court, Pakenham
Well bid, great result
Modern factory selling well over reserve at Auction
1 Graham Court, Pakenham, recently sold at Auction for $220,000 over the reserve, delivering an excellent result for the vendor and purchaser.
The campaign consisted of primarily digital marketing methods, including Meta ads, an Anywhere Auctions live stream on the Auction day, eDMs, web listings and brochures.
SOLD
$1,320,000
Auction
02/11/2023
5 Bidders
The marketing campaign really encouraged a lot of genuine buyers to enquire and inspect the warehouse and its sought-after yard space, many with future owner occupation in mind.
The Auction was hotly contested with at least 5 bidders competing. The eventual successful investor paid $1,320,000 which was well above the reserve on the day.
1 Graham Court, Pakenham
Stay yards ahead in Pakenham with this modern factory.
This excellent corner site comprised an air-conditioned office of 29m², a warehouse of 571m² with over 100 amps of power, two roller doors, a concrete paved front, and a 360m² rear yard with a separate access area.
The site also boasted two street frontages, ingress/egresses off both streets, security fencing and gates, plus proximity to the M1 Freeway.
Currently leased, the tenancy generated a return of $52,514pa plus GST and outgoings on a 5 x 5-year lease expiring 30/6/26 with 3% reviews.
