Quality standalone building at Mitcham sold

Quality standalone building at Mitcham sold
Quality standalone building at Mitcham sold

A quality standalone building at 7 Redland Drive, Mitcham was has been sold by CVA to a local investor for $2,300,000.00, equating to a building rate of $2, 575.59 per sqm.

The property was leased at a rental of $135,000 pa representing a yield of just under 6 percent.

The property comprised a total lettable area of 893m2, with clear span warehouse and office.

Its truck access was from Redland Drive, just off Mitcham Road, allowing easy access to Canterbury Road, Whitehorse Road and Eastlink.

Tags: 
CVA Mitcham

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