Investor pays $1.432M for two in-one-line Springvale assets
A SINGLE investor has purchased two in-one-line stand-alone two-storey retail buildings that were side-by-side for $1,432,000 at 207 and 209 Springvale…
Frankston Investment Sold
A tenanted investment opportunity at Frankston, south east of Melbourne, has been sold by Ray White Commercial Oakleigh for $415,000.
The warehouse at 41 New Street, Frankston, was sold to a private investor by Ray White Commercial Oakleigh’s Ryan Amler on behalf of a private owner for a yield of 6.9 per cent.
Ryan Amler said there was substantial interest in the property, which is situated on a land area of approximately 550 sqm and offers a building area of approximately 390 sqm.
“The warehouse is leased to a martial arts operator and is currently returning net rental of $28,932 per annum,” he said.
“The tenant has occupied the property for more than three years and has two years to run on the current lease.”
Ryan Amler said the warehouse is accessed via three roller doors and has 3 phase power.
“There is a rear courtyard plus ample on-site parking at the front,” he said.
A SINGLE investor has purchased two in-one-line stand-alone two-storey retail buildings that were side-by-side for $1,432,000 at 207 and 209 Springvale…
A FREEHOLD commercial retail investment with long-term tenancies has smashed its reserve price by $101,000 at auction as 709 Centre Road in…