The asset comprises a 257m2* restaurant/ bar trading as The Dalgety Public Housewith approximately 2.5 years remaining on a five year lease. The marketing campaign received 67 enquiries
and was sold under the hammer for $1,910,000 reflecting a 7.21% yield.
There were two bidders who competing for the asset and the end purchaser was a private interstate investor.
Despite consistent commentary about the headwinds facing the retail market, we are continuing to see high levels of enquiry for inner-city retail investments.
|Method of Sale:||Auction|
|Sale Date:||June 2018|
|Net Rent:||$137,760 + GST pa|
|Building Rate:||$9,695sqm* (on 197sq* Internal)|
|Building Area:||197sqm* Internal|
|Exclusive Use Area:||60sqm*external|