Braeside office/warehouse sells for first time in 20 years
AN office/warehouse in the Melbourne suburb of Braeside has sold for $825,000 after being offered to the market for the…
Toorak Retail/Office Investment Sold
A tenanted retail/office investment opportunity at Toorak in Melbourne’s inner south-east has been sold by Ray White Commercial Oakleigh for $760,000.
The approximately 110 sqm ground floor tenancy at 7/521 Toorak Road, Toorak, was sold to a local investor by Ray White Commercial Oakleigh’s Paul Rizzo on behalf of a private owner for a yield of 5.6 per cent.
Paul Rizzo said the property is leased to a quality tenant and is returning net rental income of approximately $43,264 per annum.
“This was a fantastic opportunity for an astute investor,” Mr Rizzo said.
“This tenancy is located in Toorak Place, a signature development, and is offering excellent returns.”
AN office/warehouse in the Melbourne suburb of Braeside has sold for $825,000 after being offered to the market for the…
AN investor has purchased a versatile stand-alone shop/dwelling in the tightly held and highly sought-after Maling Road retail shopping village…