Moonee Ponds ANZ bank $7.475m sale
Jonathan ChancellorDecember 7, 2020
The ANZ Bank premises at Puckle Street, Moonee Ponds has been sold for $7.475 million.
It last sold for $2.6 million in 2004.
The corner property has a land area of 510 square metres.
The existing lease to ANZ Banking Group Limited is for 10 years with five-year options. The sale price represented a 5.7% yield of the rental of $430,207.44 per annum as at February, 2015.
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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