Office space in Melbourne’s inner suburb sells for $760,000
Staff ReporterAugust 29, 2016
A tenanted retail/office space at Toorak in Melbourne’s inner south-east has been sold for $760,000 for a yield of 5.6 percent.
The ground floor tenancy at 7/521 Toorak Road spans nearly 110 sqm.
The property is leased to a quality tenant and returns net rental income of nearly $43,264 per annum.
Ray White Commercial’s Paul Rizzo brokered the sale on behalf of a private owner.