64 Commercial Road,
Newstead

Patona Property has completed the sale of 64 Commercial Road, Newstead for $12,750,000 — setting a new benchmark for the precinct.

The vendor had owned and partially occupied the asset since 2016. Having received numerous unsolicited approaches over the years and following the sale of his business, he chose to formally divest, creating one of the most anticipated campaigns in the market.

The offering attracted competitive bidding from a broad mix of established and emerging groups, ultimately resulting in a cash unconditional sale to a high-net-worth local investor.