This article is from the Australian Property Journal archive
AN industrial facility at Stepney in Adelaide’s inner eastern commercial industrial market has sold before auction for $850,000.
Colliers International director Paul Tierney sold the property at 9-11 Stepney St.
He said the campaign had only been underway for three days when an initial offer was made by a genuine buyer, with negotiations concluded within five days of the property launch.
“The property was due to be sold at auction but in the end the offer put forward suited the vendor’s requirements.
“Stepney is an extremely popular inner eastern industrial precinct and the general enquiry received for opportunities in this tightly held area are consistently high so it’s not surprising that an approach to buy the property was made so quickly,” he added.
The property comprises an older style building with an approximate building area of 650 sqm. The property is situated on a site area of approximately 1,288 sqm with two certificates of title.
Australian Property Journal