Strata or sub-divided sales at Gorman Commercial have started the year strongly with in excess of two million dollars of sales. Both privately and at auction indicates a strong market in 2017. Stephen Speck and Alex Browne sold properties in Kew, Balwyn and Bulleen which were all sold to local investors seeking yield driven property. Often touted as the less favourable style of property, savvy investors who are simply looking to invest are finding strata as an affordable alternative to stand alone retail.
Stephen Speck said, “While a common request from investors is for stand-alone opportunities to add value, many people are simply looking to invest in their super fund are getting better returns in this market. Benefits of strata property include modern construction providing more favourable layouts to tenants together with significant land tax savings which dramatically impact on their return on investment.”