Melbourne s little corner store that has traded since 1884 theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.
Burke Road shop sells for $1m above reserve
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Camberwell
Investors are betting bold on a shopping strip recovery. One paid $1 million above the reserve for a prime shop at 580 Burke Road with a final $6.788 million auction bid. Fitzroys’
Chris Kombi and
Chris James said the shop, leased long term to Country Road’s Witchery, commanded a sharp 3.8 per cent yield.
A strata-titled, 130 sq m two-storey shop at 193 Clarendon Street sold for $1,022,000.
Credit:
Collingwood
It took just 27 bids for a two-storey converted office at 126 Rupert Street to sell for $2.46 million in an auction overseen by Gross Waddell ICR’s
Frankston warehouse sells for $13.8m
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Carrum Downs
Carrum Downs Property Group has offloaded a warehouse at 75 Frankston Gardens Drive for $13.8 million in a deal managed by Colliers’
James Stott and
Gordon Code. The 9587 sq m building sold at a yield of 5.43 per cent. It was leased to Nov Mono on a 5.2 year WALE returning $750,244 per annum.
Carrum Downs Property Group has offloaded a warehouse at 75 Frankston Gardens Drive for $13.8 million.
Credit:
Moonee Ponds
Leased to a hairdressing salon, 10 Margaret Street has sold at auction for $1,093,000. CRS Property’s
Frankston warehouse sells for $13 8m theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.