PRIME RETAIL | 6.7% PASSING YIELD | 5.17 YEAR WALE
Corner site in the heart of Victoria Parks vibrant food retail precinct and opposite the Broken Hill Hotel and a range of cafes and restaurants.
With a healthy passing income and extended average lease expiry, the building also featured vacant area, providing opportunity to increase the income and add value.
Anchored by high quality tenants, such as Crust Pizza, TAB and Red Basil Thai, the property provides a desirable balance between secure ongoing income and blue sky potential.
Features include:
| Sale Analysis | |
| Sale Price: | $3,060,000 |
| Sale Date: | Jun-22 |
| Site Area: | 554sqm* |
| Rate /sqm: | $5,523/sqm |
| NLA: | 595sqm* |
| Net Income: | $215,404.52 pa |
| Yield – Passing: | 6.70% |
| Lease: | Crust Pizza, TAB & Red Basil Thai |
| Vendor: | Arthur Litis Nominees Pty Ltd |
| Purchaser: | Huihe Pty Ltd ATF The Zeng Family Trust |
*Approximately
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