Gorman Commercial is pleased to announce the sale of the National Archives of Australia investment at 31 Vision Drive, Burwood East, Victoria. The price of circa $32,000,000 reflects a strong yield of circa 7.5% and was secured following healthy participation engaged from a broad field of geographically located buyers and purchaser types. We are currently witnessing a noticeable shift with more positive investor sentiment in the Melbourne commercial property market, and this deal reflects that growing confidence for well leased assets with strong covenants like the Commonwealth of Australia. For further details or to receive a Sale Summary, please reply to this email or contact the selling Agents from Gorman Commercial listed below. Peter Bremner 0412 326 942 Jonathon McCormack 0418 835 885 Stephen Gorman 0418 321 828 Tom Maule Dean Alexander Peter Sprekos Nathan May Sold in conjunction with CBRE #commercialrealestate #commercialinvestment #commercialproperty
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Director, Vinci Carbone Property
2moGreat sale gents. Well done.