This article is from the Australian Property Journal archive
AN investor has putted $4.033 million in the Artarmon Golf Mart.
The 373 Pacific Highway corner site in Sydney’s lower North Shore encompasses 537.5sqm, and has a net lettable area of 625sqm and private car park with eight spaces.
It sold with a six-year lease to national tenant Golf Mart returning $168,340.38 per annum, transacting on a tight yield of circa 4.17%.
Toby Silk, Aaron Arias and Nicholas Heaton of CBRE marketed the “perfect set and forget investment”, which was auctioned by Jesse Davidson of Auctionworks.
Australian Property Journal
