SMSF investor acquires Yarraville warehouse with city views for $420,000 on 8% yield

An investor has acquired a 170-square-metre warehouse unit in the Hyde Business Park in Yarraville for $420,000 for their self-managed super fund (SMSF). 

The two-level warehouse is one of 13 units being sold or available for lease in stage one of the business park development. 

It will lease for around $36,000 per annum equating to an indicative yield in excess of 8%. 

Yarraville is around 4 kilometres from the Melbourne CBD.

Another two-level unit in the development – unit 13 measuring 146 square metres over two levels - sold for $370,000. It includes a balcony looking over Melbourne’s Ports to the CBD. 

Both sales were negotiated by Colliers International’s Cameron Hunter and Nick Saunders, who have negotiated seven sales in the development to date. 

“The Hyde Business Park development is perched high on the hill and looks out to the Melbourne CBD. The views at night time in particular are unbelievable,” says Hunter. 

The remaining six warehouse units which feature automated roller shutter doors, kitchenette and shower within landscaped gardens remain available for purchase with prices from $365,000 from $465,000.

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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