Gross Waddell ICR is delighted to announce the sale of 264 - 270 Craigieburn Road, Craigieburn.
The campaign generated strong interest from over 100 local investors and private funds resulting in a sale of not only the subject property but additional land at the rear. The successful purchaser has plans to develop the additional land and retain it as a long-term investment.
Sale highlights include:
Sale price: $20,000,000
Total land area: 12,576m2*
Multiple offers received
Located in immediate proximity of both Craigieburn Central and Craigieburn Junction Shopping Centres the property is anchored by a 7 Eleven and Red Rooster, providing a combined income of $777,429* p.a. net with fixed increases from six tenants across seven tenancies.