Investor buys Footscray site on 2 percent yield

Investor buys Footscray site on 2 percent yield
Investor buys Footscray site on 2 percent yield

A Melbourne investor investor has paid $1.425 million on 2 percent yield for a Footscray warehouse with development potential

The property, 112 Buckley Street, is a 435 square metre office and warehouse on a 646 square metre site sold subject to a monthly lease to an auto repair business returning $28,560 per annum net.

Selling agent Julian Heatherich from Savills said it was a prime development site with the potential for a six level building and an existing tenancy providing holding income, sold as a long term investment.

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Footscray Commercial Sale

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