This article is from the Australian Property Journal archive
A PRIVATE investor has paid $7.2 million for the retail component of a proposed mixed-use development in Chirnside Park.
Located at 30 Old Melbourne Rd Chirnside Park, 33km north-east of the Melbourne CBD, the property was sold by JLL’s Stuart Taylor.
The retail component has been part pre-leased to Liquorland (Australia) Pty Ltd.
The sale reflects an estimated net yield of approximately 7%.
Australian Property Journal
