Office space in Melbourne’s inner suburb sells for $760,000

Office space in Melbourne’s inner suburb sells for $760,000
Office space in Melbourne’s inner suburb sells for $760,000

A tenanted retail/office space at Toorak in Melbourne’s inner south-east has been sold for $760,000 for a yield of 5.6 percent. 

The ground floor tenancy at 7/521 Toorak Road spans nearly 110 sqm. 

The property is leased to a quality tenant and returns net rental income of nearly $43,264 per annum.

Ray White Commercial’s Paul Rizzo brokered the sale on behalf of a private owner.

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Toorak Retail Sale

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