Old is gold: 40+ years old warehouses sold at a record rate

Posted by Cameron Marketing on Friday, June 3, 2022

35 & 37-39 Glenvale Crescent, Mulgrave

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.

This campaign was handled by Cameron Eastern Office’s Nic Sal and Sray Chitrakar.