Burnley Street, Richmond commercial property fetches $9.92 million under the hammer

Burnley Street, Richmond commercial property fetches $9.92 million under the hammer
Burnley Street, Richmond commercial property fetches $9.92 million under the hammer

A Richmond commercial property has sold under the hammer for $9,920,000.

John Nockles and Ian Angelico of CVA in conjunction with CBRE sold the property at 157-161 Burnley Street, Richmond.

The sale reflected a yield of 2.8%.

There was bidding from six bidders in front of a crowd of about 150 people.

Situated on 1,381 square metres, the property features triple street frontage.

It came with liquor licence.

Tags: 
Richmond Auction

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