A 2 level retail building, built in the 1930s. Our clients were the underbidders. Sale price - $6,810,000 reflecting a cap rate of 2.67%.
Sale
By public auction
Building
237 m² overall (ground 115 m² – upper 122 m²)
Land
136m² with rear laneway access
Cars
Nil
Net income
$182,000 with 5 yr leases and 1 further option of 5 yrs
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