May 11, 2022 Eastern Suburbs, Investment, Mont Albert, Retail, Sold

Inner Eastern Commercial Market Continues to Perform

By Matt Hoath

GrayJohnson has recently sold at auction a prime retail investment at 22 Hamilton Street, Mont Albert.

The property has been leased to Bread Street Bakery for the past 20 years.

The key highlights include:

> Annual rental: $43,950 pa Net

> Lease: 5+5 years commencing 1 April 2017

> Land area: 229 sqm

> Rear laneway access plus parking

The property sold to a local investor for $1,170,000 which represents a passing yield of 3.75%.

For more details on this transaction please call Matt Hoath direct 0418 543 714.

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