St Kilda restaurant premises sells to SMSF at 5.3% yield

St Kilda restaurant premises sells to SMSF at 5.3% yield
St Kilda restaurant premises sells to SMSF at 5.3% yield

A self-managed superannuation fund has paid $1.4 million for St Kilda Indian restaurant premises.

It reflected a 5.3% yield given the property, at 194-196 Barkly Street, is leased for five years with one five-year option, at $77,070 a year.

The property is 90 square metres. 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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