Stonebridge Property Group, and CVA Property Consultants confirm the unconditional sale of 59-61 Betula Avenue, Vermont, for $5,500,000.

The sales campaign leveraged the tightly held nature of the eastern suburban industrial market, to secure 8 offers and 135 enquiries. The offers were from a range of occupiers, local and Asian industrial developers, as well as a selection of land bankers.

The property had a mix of zones and unique shape, meaning a development outcome needed to be carefully considered. And through preparation of indicative schemes, as well as an tireless work ethic to present the property to a wide range of buyers, a highly successful outcome was achieved.

The sale reflects only the second industrial landholding of scale (circa 2,500 sqm) to be sold in Vermont since July 2020.

If you wish to learn more about the sale, please contact the selling agents, Stonebridge Property Group, Julian White, Chao Zhang, Max Warren together with CVA Property Consultants, Ian Angelico, Stan Dawidowski and Jarrod Moran via the below contact details.