Campbelltown unit block sells $85k above auction price guide

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SPIRITED bidding was on the agenda on the public sale of a double brick unit-block in Campbelltown earlier this month and noticed the property promote for $85,000 above its value information.

Set on one title, the three-residence property at three Moore Cres, attracted 11 registered bidders who fought nail-and-tooth till the hammer fell on $745,000.

The property, which had been listed with a value information of $660,000, bought to consumers from Wetbourne Park, who solely days prior had noticed the sound funding of their native Messenger paper.

Promoting agent George De Vizio of LJ Hooker St Peters/Glynde/Adelaide Metropolis mentioned he credited the success of the sale to a mixture of print and internet marketing.

“Print promoting completely works as this property proves because the profitable bidders got here from an advert we positioned within the Messenger,” he mentioned.

“They hadn’t really been trying in that space however noticed the property within the paper solely three days earlier than it went to public sale.

“They had been drawn to the property as a result of it’s on one title and already has loyal tenants.

“Additionally they come from a household which has a historical past of shopping for most of these funding properties — their dad and mom are migrants — and so they had been eager to proceed that custom.”

Set on a 747sqm block, the property consists of three separate, two-bedroom models with built-ins, kitchen and meals areas, and a rest room.

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The models additionally every include paved rear yards and undercover carports.

“All three models are at the moment tenanted for round $245 per week, “ Mr De Vizio.

“They’re very loyal tenants, with one having been there for 22 years, and one other for 11 years.

“So it’s a extremely sound funding the consumers had been simply in a position to decide up and proceed.”

Supply hyperlink – https://www.information.com.au/finance/real-estate/adelaide-sa/campbelltown-unit-block-sells-85k-above-auction-price-guide/news-story/8b0fcb585f403a270d40f05cb7293114

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