Nunawading

<html><body>
A tenanted warehouse facility at Nunawading in Melbourne’s eastern corridors industrial hub has been sold by Ray White Commercial for $1,040,000.
It represented a yield of 4.8% for the property at 8-10 Rooks Road.
It was sold to a local investor by Brett Diston of Ray White Commercial.
The 389 square metre building has an established tenant on a five-year lease, with two five-year options.
“The property is currently returning net rental of $50,062 per annum,” said Diston.
He said the building is situated on a land area of approximately 616 square metres and is zoned Industrial 1.
“The site has rear laneway access and three car spaces available.
“The prominent corner freehold is within 100 metres of Whitehorse Road, providing ease of access to major arterials.”
</body></html>

j.ballantyne1990-6AQqhLzZaK

Warehouse facility at Nunawading sold for $1,040,000

<html><body>
CVA has sold a Nunawading building to an owner-occupier in the construction maintenance industry.
They intends to renovate and utilise the premises as a head office.
The property was sold after 60 enquiries were received, with seven offers eventually leading to the successful sale in the vicinity of $4 million.
The sale also occurred just prior to another sale in the street, 17 Moncrief Road, which sold via public auction for $2.3 million.
Situated on a 2,241 square metre site, the property comprises a total floor area of 1,870 square metres. 
It is surrounded by major retailers including Office Works, Freedom Furniture, Bunnings Warehouse, and Petbarn.
</body></html>

Nunawading

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Nunawading

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News