Tenanted pharmacy in Melbourne's Watsonia sold

A tenanted pharmacy in Melbourne's Diamond Village Shopping Centre in Watsonia has sold to a local investor for $635,000. 

The 108 sqm pharmacy at 9/78-92 Nepean Street Watsonia was sold by Brett Diston of Ray White Commercial Victoria. 

He said there was keen interest in the investment opportunity, which is returning net rental income of approximately $34,466 per annum on a long term lease 

A tenanted retail investment in the growing suburb of Watsonia in Melbourne’s north-east has been sold by Ray White Commercial for $635,000.

The retail property was sold behalf of a private owner for a yield of 5.4 percent.