SOLD ABOVE VENDOR’S EXPECTATIONS
This warehouse of approx 750sqm has been sold to a private investor for $2.3 million on a yield of around 2.8%.
Situated within a sought after and tightly held industrial precinct just off Sharps Road with excellent access to the M80 Western Ring Road. The property was leased to an airline cleaning service business currently returning a rental of $64,827 net per annum.
We are continuing to see strong demand to purchase from both owner occupiers and investors seeking industrial premises in the local area. The property was sold off market and for a price above the vendor’s expectations.