Burnley Street, Richmond commercial property fetches $9.92 million under the hammer

Burnley Street, Richmond commercial property fetches $9.92 million under the hammer
Staff reporterSeptember 24, 2018

A Richmond commercial property has sold under the hammer for $9,920,000.

John Nockles and Ian Angelico of CVA in conjunction with CBRE sold the property at 157-161 Burnley Street, Richmond.

The sale reflected a yield of 2.8%.

There was bidding from six bidders in front of a crowd of about 150 people.

Situated on 1,381 square metres, the property features triple street frontage.

It came with liquor licence.

Editor's Picks

Half of apartments snapped up in Setia's Atlas Melbourne skyscraper
Sherpa expands Palm Beach footprint with Flourish Ovana plans
TOGA’s Wicks Place brings Harris Farm to Marrickville
Bradmill Quarter: Bringing community and amenity to life in Yarraville
Orchard Piper secures $20m record-breaking penthouse sale at One Toorak Place