GrayJohnson is pleased to announce the successful sale of 281 Bay Street, Brighton. This substantial two-storey property occupying a prime corner position in the bustling Bay Street precinct.
Sale highlights:
• Over 90 enquiries
• Sharp yield of 4.6%
• Building rate $8,600 psm*
Key highlights:
• High profile corner position
• Ground-floor retail plus first-floor office/residence
• Two leases returning $101,000 pa + GST
• Land area 272sqm*
• Building area 250sqm*
The location:
• Prestigious Bay Street location
• 250m from North Brighton railway station
• Easy access to city via Nepean Highway
If you would like further information on this sale transaction or a free market appraisal, please call Brett Simpson on 0402 427 392.
*approx.
