Industrial Investment Sold for 4.8% Yield
A tenanted warehouse facility at Nunawading in Melbourne’s eastern corridors industrial hub has been sold by Ray White Commercial for $1,040,000 and a yield of 4.8 per cent.
The property at 8-10 Rooks Road, Nunawading, was sold to a local investor by Brett Diston of Ray White Commercial Vic-Nunawading on behalf of a private owner.
Brett Diston said the approximately 389 sqm building is in a great location and has an established tenant on a five-year lease with two five-year options.
“This investment opportunity was offered for sale privately and the yield is impressive for an industrial property,” he said.
“The property is currently returning net rental of $50,062 per annum.”
Brett Diston said the building is situated on a land area of approximately 616 sqm and is zoned Industrial 1.
“The site has rear laneway access and three car spaces available,” he said.
“The prominent corner freehold is within 100m Whitehorse Road, providing ease of access to major arterials.”
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