This article is from the Australian Property Journal archive
EIGHT out of 9 retail investments in Sunbury’s thriving town centre in Melbourne's north-west, have sold at auction totalling $2.6 million.
CVA Property Consultants in conjunction with Leeburn and Company Real Estate sold nine neighbouring retail investment properties located along both O’Shanassy St and Link Arcade in Sunbury’s thriving town centre.
The properties were auctioned separately on Wednesday 13th June in front of a crowd of approximately 75 people. The properties attracted competitive bidding from numerous parties and eight of the nine investment properties were sold.
The remaining property, 72 O’Shanassy St was sold less than a week from the auction.
The properties were sold with values ranging between $156,000 – $640,000 and on yields ranging from 5.21% – 6.19%.
The occupants include Bathroom & Kitchen Centre, Fashion Boutique, Employment Agency, Body Corporate Management, Nail Salon, Medical Centre, Media Processing Studio and Cafe.
“Our office received a fantastic response from the local market and we are very pleased with the result,” CVA Property Consultants joint managing director Anthony Carbone said.
Property Review
