Gross Waddell ICR marks another win with office/warehouse sale

28 March 2024

Gross Waddell ICR is excited to announce the successful sale of 30 Somerton Road, Somerton, marking a record sale price of $2,250,000 within the complex. This achievement underscores the strong demand for premium commercial properties in the Somerton area.

The sales campaign for this exceptional property garnered tremendous interest, with over 80 enquiries received and more than 15 onsite inspections conducted. Situated in a highly visible showroom complex, 30 Somerton Road boasts ample common onsite parking and is fully leased to two tenants, making it an attractive investment opportunity.

The property’s layout includes a ground floor showroom with front pedestrian access and rear roller door access, ideal for warehousing and displaying goods. Additionally, the 1st-floor office features its own separate access, enhancing the property’s versatility and appeal.

Key Highlights of 30 Somerton Road:

  • Total Rental Income: $141,440 p.a. +GST +Outgoings
  • Total Building Area: 1,175 sqm
  • Ample Onsite Parking for the Strata Showroom Complex
  • Great Exposure to Somerton Road
  • Easy Access to Hume Hwy and Cooper Street

The sale was conducted by Raff De Luise and Julian Materia from Gross Waddell ICR.