Old is gold: 40+ years old warehouses sold at a record rate
Two 40+ year old brick office/warehouses that had been occupied by a highly respected printing company, Eastern Press, have now been sold through auction last 26th of May, 2022.
At a record rate of $2,000,000 ($3,636m2), 35 Glenvale Crescent was sold to a local owner occupier. This result showcases that premium buyers are willing to pay to get the location that they desire.
37-39 Glenvale Crescent was passed in at auction but sold within 20 minutes after for an undisclosed amount. Old is truly gold when investors know where to look at.