Warehouse facility at Nunawading sold for $1,040,000

A tenanted warehouse facility at Nunawading in Melbourne’s eastern corridors industrial hub has been sold by Ray White Commercial for $1,040,000.

It represented a yield of 4.8% for the property at 8-10 Rooks Road.

It was sold to a local investor by Brett Diston of Ray White Commercial.

The 389 square metre building has an established tenant on a five-year lease, with two five-year options.

“The property is currently returning net rental of $50,062 per annum,” said Diston.

He said the building is situated on a land area of approximately 616 square metres and is zoned Industrial 1.

“The site has rear laneway access and three car spaces available.

“The prominent corner freehold is within 100 metres of Whitehorse Road, providing ease of access to major arterials.”