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.