This article is from the Australian Property Journal archive
A FREEHOLD investment property in Melbourne’s south-eastern industrial hub of Clayton has sold under the hammer for $1.3 million, $200,000 above reserve.
The 870 sqm property at 23 Meriton Place sold to a private investor following competition between multiple bidders.
It sold at a 4.4% yield, with an annual net return of $57,085 from long-standing tenant Aussie Toys.
Chris McKenzie and Rodney King of Crabtrees Real Estate sold the property.
Australian Property Journal
