5.34% Yield – Bell Street Preston


5.34% Yield – Bell Street Preston

SOLD AT AUCTION – 622 – 624 Bell Street, Preston. Alex Ham and Benjamin Kline are proud to announce the sale today of this office investment. After a strong 4 week marketing campaign and spirited bidding the property sold for $2,430,000.

Alex Ham said:

We last sold this property 4 years ago for $1,075,000. This is evidence of the growth being seen within the inner-northern suburbs of Melbourne. 

Benjamin Kline said:

I like to learn something from every campaign and from this campaign I saw that the auctioneer is a key part of the process, Raoul Salter (Gross Waddell principal auctioneer) held his ground and only accepted $50,000 bids at the beginning of the auction driving the opening bid up fast.