Errol Diamond

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The Ulladulla Shopping Centre on the NSW South Coast has been sold for $6.975 million.
Reflecting a yield of 8%, the property at 116-118 Princes Highway, Ulladulla was sold by Steven Lerche of Savills and Michael Gilbert of Burgess Rawson to a private investor on behalf of Errol Diamond of Diamond Property Group.
With 2,148 square metres, the centre is anchored by IGA which comprises 62% of the centre’s total income and is secured on a long-term lease until 2021.
The property was sold post auction which saw three interested parties.
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Errol Diamond

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