Another Glen Huntly Block Sale
// Thursday, 17 March 2016
Conquest Estate Agency have sold another block of units in Glen Huntly at 15 Waratah Avenue.
The property consisted of 14 One bedroom units separately strata titled with 14 onsite carspaces and a income of $196,320 pa. The location of the property is walking distance to Glen Huntly Railway Station and tram service as well as cafes and restaurants.
The property was due to be auctioned on the 23rd March 2016, however sales agents Luke & Sam Conquest were approached by a buyer who provided an offer which was acceptable by the vendor prior to auction. The block was sold as a whole to the purchaser who was actively looking to acquire a secure investment in the area which had capital growth. Given the tenant demand in the area and land size of 1,020 sqm for potential future redevelopment, 15 Waratah ticked both boxes.