This article is from the Australian Property Journal archive
AN investor has snapped up a food manufacturing facility in Sydney’s south-western suburb of Kinsgrove for $2.2 million at auction, at a sharp 2.89% yield.
The 866 sqm site at 181 Kingsgrove Road has a freestanding 385 sqm building and sold with a lease until October 2018 with two five-year options, returning $63,120 per annum plus GST.
Luke Smith of Raine & Horne Commercial marketed the property, which was auctioned by Jesse Davidson of Auctionworks.
It is located close to the M5, Kingsgrove train station and retail strip.
Australian Property Journal
