This article is from the Australian Property Journal archive
A LOCAL investor has purchased the ground floor retail investment leased to Bendigo Bank in Melbourne’s Ascot Vale for $935,000.
CVA’s Craig McKellar sold the 131 sqm property at 242 Union Rd, which has a four-year lease with a four-year option to Flemington Financial Services Ltd that returns an annual rent of $45,395 plus GST, trading at a yield of 4.86%.
The property has an open plan reception and office, two partitioned offices, and rear access via The Parade.
