Modern warehouse/office at Knoxfield sold for $638,000

Modern warehouse/office at Knoxfield sold for $638,000
Modern warehouse/office at Knoxfield sold for $638,000

A modern warehouse/office investment opportunity in the Knox Gateway Business Park in Melbourne’s south-east has been sold by Ray White Commercial Oakleigh.

The property at 13/1488 Ferntree Gully Road, Knoxfield was sold for $638,000 to a local investor at a yield of 5.6%.

The property which offered a net lettable area of approximately 340 square metres, comprised a building area of 225 square metres and 115 square metres of upstairs mezzanine.

It is currently returning rental income of $35,000 per annum.

The established tenant is on a long-term lease with a 3.0% annual rent review.

Tags: 
Office Sales Knoxfield

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