54 Bonwick Street, Fawkner


54 Bonwick Street, Fawkner

GrayJohnson is pleased to announce the sale of this single-storey brick property located in the heart of a popular Fawkner shopping village. Sold for $900,000, with a yield of 4.4%.

Currently leased to a grocery store, this property was brought to the market for the first time in 43 years.

The opportunity:
• Land area 180 sqm*
• Building area 175 sqm*
• 10-year lease commencing 10 December 2022
• Returning $40,000 pa net plus GST
• Adjoining laneway and rear access
• Commercial 1 Zone

The location:
• Popular shopping strip location
• 700m* from Gowrie railway station
• Easy access to Western Ring Road and motorway network
• 12km* north of the Melbourne CBD

For more details contact Anthony Boldrini on 0468 519 472.


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