Investor buys Richmond retail on 3.8% yield

| Jul 10,2015

| 0 min read

A two level Victorian property with ground floor retail access and a self-contained upstairs living space has been sold to a private investor for $1.55 million.

The property, on 468 Bridge Road Richmond was sold subject to a five year lease with a five year option, returning $5,000 per annum net.

The sale at the Burnley Street end was brokered by Teska Carson agents Matthew Field and Larry Takis.

It sold at $835,000 in 2008.

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.