Thursday, 01 December 2022

Appleby Commercial Managing Director Nick Draffin and Senior Sales Executive Andrew Hill sold an investment warehouse/showroom located in a premium high profile location along Canterbury Road in Bayswater North at auction this week.

6/200 Canterbury Road comprises a 600 square metres clearspan warehouse/showroom with office space and real roller door access. The property is securely leased to a long-standing tenant returning a net rental of $81,000 per annum.

Located in the heart of the Bayswater North Commercial precinct, the property is surrounded by many National Traders including Bunnings Warehouse, Super Cheap Auto, BCF, Spotlight, The Good Guys, Pet Barn and more.

A strong bidding campaign between two buyers saw the hammer fall reflecting a selling price of $2,760 per square metre. We congratulation our Vendor and Purchasers on this excellent property transaction.