This article is from the Australian Property Journal archive
A CORNER building at 218 Johnston St in Melbourne’s inner-north hub of Fitzroy has been sold to a local investor for $812,500.
CVA Property Consultants Ian Angelico and Bradley Ellul negotiated the off-market transaction, with the sale price reflecting a 6% yield.
The property features a 140sqm building located between Brunswick Street and Smith Street, and is leased to Phuket Retreat Pty Ltd on a 3+3-year deal currently returning $52,000 per annum.
The building features a modern façade and basement parking and can be utilised as a shop/showroom/gallery and dwelling.
Australian Property Journal
