Auction Success | Video | Norwest Business Park | Alpha Building
11 February 2017 | 2 min read
With the recent auction that took place for the sale of an office suite located in the Alpha building, Norwest Business Park, we are pleased to report that the auction was everything we anticipated it to be with strong engagement from purchasers.
With vacancy rates at a low in Norwest Business Park the demand for quality office is at a high, we provided our owner with stats of where the market is priced and what be believe the property is worth based on comparable sales. We encouraged the owner to let the market decide what price they believe it's worth by sending it to Auction.
With a successful 6 week marketing campaign the auction attracted a great turn out with 10 contracts out and 8 bidders on the day. The competitive nature of the auction saw the office sell for $70,000 over the reserve.
For information on how this sale affects your property, market update or any enquires relating to the possible sale of your property contact Norwest Commercial on (02) 9899 1699.