Rye sushi sells at 3.3 percent yield

Rye sushi sells at 3.3 percent yield
Rye sushi sells at 3.3 percent yield

A local Melbourne investor has secured a sushi bar in the seaside town of Rye on the Mornington Peninsula in Victoria.

It fetched $1.565 million at auction.

The 194sq m retail property tenanted by Sushi Express at 2379 Point Nepean Road sold at a yield of 3.3 per cent.

CBRE negotiated the sale for a local family vendor.

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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Retail Sale Mornington Peninsula

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