Commercial property investors banking on bank tenancies

Commercial property investors banking on bank tenancies
Commercial property investors banking on bank tenancies

The Bendigo Bank building in Albury has been sold to a Sydney investor for $2.9 million.

The three-level property was sought by 10 bidders.

It sold for $600,000 over the reserve, reflecting a yield of 4.8%.

Other recent bank sales saw the Commonwealth Bank building in Shepparton sell for $3.6 million and Gympie’s Bank of Queensland property fetch $825,000.

The Mona Vale ANZ premises (pictured above) sold after its recent auction for $5.7 million on a 4.57% yield.

There had been significant interest on the property with 84 enquiries and 15 contracts issued by Burgess Rawson.

A local Sydney Northern Beaches private investor was its buyer. 

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Banks Mona Vale

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