Super Strong Demand for Industrial InvestmentsTuesday, August 7th, 2018
GrayJohnson has recently sold a prominent Industrial investment on a sharp yield of 4.3% ($2,087,000).
23-25 Raglan Street, Preston consists of a stand-alone office/warehouse of 1,055 sqm approx. on a site of 2,005 sqm approx.
The property is leased to Show Works on a brand new 5 + 5 year lease on a commencing rental of $90,000 pa Net. The lease also includes fixed rental increases and a market review at the option.
This sale result demonstrates the strong investor appetite for inner northern assets priced between $2.0 – $5.0 million.
For more details, contact Matt Hoath on 0418 543 714 or Brett Simpson on 0402 427 392.