Market Updates

February 26, 2016

SOLD: Unit 4 / 417 - 419 Warrigal Road, Cheltenham

Winner On Warrigal

Nixon Industrial is proud to announce the sale of Unit 4 / 417 – 419 Warrigal Road, Cheltenham, via public auction on Wednesday 26th February at 12 noon on site.

A surprisingly large crowd gathered on auction day to bear witness to two key parties eager to purchase the property. With a total of only 15 bids, the auction was over before we knew it, with the property selling under the hammer for $403,000 to the delight of the Vendor.

Ideally located on the high profile Warrigal Road, the first unit in an established business park, this exceptional office / warehouse of 229m² (approx.) provides the purchaser with 5 car spaces on title and a new, high clearance roller door.

The property sold to an owner occupier, who is a nationally based business. This will become their Melbourne HQ.

According to Nixon Industrial selling agent Matt Spicer, The interest in the property came from owner occupiers and investors, however, the appetite from the owner occupiers proved strongest.’

Sales Executive
Matt Spicer

0448 567 403