This article is from the Australian Property Journal archive
A self-managed superannuation fund has bought a Richmond retail investment property at auction for $750,000.
Gray Johnson agent Rory White said the sale price reflects an indicative return of 4.8%.
The property at 255 Swan St Richmond has a building area of 72 sqm and was sold with a new five-year lease that commenced on 1 April this year with a five-year option, at $36,000 plus GST and outgoings.
“Portobello Home is the sitting tenant and has just executed the new five year lease and five year option to renew,” White said.
Australian Property Journal
