Commercial off market transactions at record levels

Commercial off market transactions at record levels

The commercial market continues to go from strength to strength with recent transactions reflecting the current market conditions. 

2/9 Coombes Drive Penrith is a prime example of the success that can be achieved – it sold for $50,000 more then the asking price in just five days. Demand for affordable strata units has never been stronger; in the short time it was ont he market our office received over 47 enquiries and issued 12 contracts issued. 

Freehold stock is also being snapped up in off market transactions. The recent sale of 32 Peachtree Road Penrith for $1.75m and 20 Gordon St Penrith for $2.1m were both sold from our existing database of buyers. 

“We have buyers on our books desperate to purchase commercial property” said Robert Tappouras Director of PRD Commercial. 

With strong capital growth in the past 12 months, commercial property owners are pleasantly surprised when we provide updated property appraisals. 

Why not find out what your asset value is? Feel free to contact Robert or the team for a free assessment on 0420 371 106. 

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