Sold at auction

86 Camms Road, Cranbourne

The Result

Sale Details

  • 25/06/2021
  • 770,000
  • SOLD
86 Camms Road, Cranbourne 

 

 

The 240m² property has brilliant exposure on Camms Road and George Street, close to South Gippsland Highway and adjacent to the Cranbourne Train Station, sold with a month-to-month tenant and $220,000 above the reserve price. 

 

The freehold property has direct street access via roller shutter doors and can be split into two. The warehouse allows various uses, including retail, direct to trade, or simply warehousing. The Activity Centre zoning allows for numerous uses, with any redevelopment encouraged to a height of 11 metres that incorporates commercial and residential applications. 

 

 

"The property was unique with little comparable evidence, so an Auction campaign was always the preferred method to exhaust the highest result.

By investing in this tailored campaign, we attracted significant competition culminating in a spirited bidding war. We were on the market at $550K with the second bid and the end result was a 
further $220,000. A great example of sensible marketing to attract the most competition possible and the result speaks for itself being 40% over the reserve!" Matt O'Dea, Partner

 

 

Auction Highlights 
Active bidders: 4
Total bids: 25
Opening bid: $500,000
Winning bid: $770,000

Watch the Auction highlight reel

 

Approach To Marketing 

To give the property every opportunity of success, we recommended a marketing package, totalling $2,883.40 + GST 

Online: A mixture of  Elite and Gold listings across key real estate sites 

On-site: A large signage board to maximise on-site exposure 

Photography: Professional imagery to showcase the property 

Videography: Professional videography and live stream from the Auction.

eDM: Custom eDM sent to a curated Facey database list 

 

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