Case Study: 5 Micro Circuit, Dandenong South
Excellent stand-alone freehold investment sold
A digitally-focused campaign that returned an excellent result
5 Micro Circuit, Dandenong South, was recently sold via Auction. Throughout this campaign, we utilised primarily digital marketing tactics to generate interest and competition among potential bidders.
As we used digital tactics, all enquiries made on the property came through our online listings. The Auction day drew a large crowd, with plenty bidding on the property.
SOLD
$1,060,000
Auction
26/07/2023
We knew the property was encumbered by the lease; however, the opportunity to purchase a small freehold building of this quality and scale is extremely rare, so Auction was the obvious method. Interest was strong, culminating in a great crowd of active bidders on Auction day, with a sale price far exceeding our client’s expectations.
Investment – Stand-out opportunity
This excellent office warehouse comprised a well-presented two-level office area of 94m² with high-quality floor coverings, a bright and spacious bathroom including a shower, and a gourmet kitchen area. The warehouse had a sealed floor, excellent height and natural light.
The space was set within a quality industrial estate in Dandenong South and included a driveway and a private, secure front car park.
