A 3 level office building, built in 1980. Our clients were the underbidder. Sale price - $1,695,000 which reflected a cap rate of 5.87%. We acted for interstate clients.
Sale
By public auction
Building
620m²
Land
260m²
Cars
Nil
Net income
$99,600pa with 5 year lease, and 2 further options of 5 years
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