This article is from the Australian Property Journal archive
THE Racing and Sports Property Trust has paid $907,500 for two office units at Trenerry St Weston in Canberra.
Colliers International’s associate director of CBD sales Michael Heather sold the properties via auction on behalf of liquidators, RSM Bird Cameron Partners.
The sale price represents a rate of $3,276 per sqm.
Located at Unit 4 and 5 at 19 Trenerry St, Unit 4 comprises 170 sqm and Unit 5 107 sqm.
Unit 4 is vacant and Unit 5 is currently leased to the Teachers Credit Union for three years.
Heather said the units are 14km from the CBD.
“Both units are on the first floor of a two level development which also contains three retail units on the ground floor.
“The property was sold to an owner-occupier who is already established in Weston and sees the benefit of income from an existing tenant,” he concluded.
Australian Property Journal
