23-25 Tinning Street, Brunswick

Friday 01 October 2010


Expectations exceeded by Brunswick building



A factory and warehouse property with office space in Brunswick, Victoria, has been sold at auction by agents of ICR Property Group.

The building at 23-25 Tinning Street, Brunswick, was sold with vacant possession on a 90-day settlement.

ICR Property Group agent, Raff De Luise marketed the property, which achieved a final selling price at auction of $1.455 million.

According to Property Information Monitor, a sale price of $1.1 million to $1.2 million was expected by the agents prior to auction.

The 1650 sqm building is situated on a 980 sqm Industrial 1-zoned site with 11 undercover car parking spaces, and achieved values from the sale of $882/sqm for the building and $1485/sqm for the land.

Australian Property Review – Friday, October 2010

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