AutObahn in Eltham Sells

Gorman Commercial’s Jonathon McCormack and Andrew Prowse in conjunction with Jamie Perlinger and Matt Wright of Burgess Rawson sold Showroom 9, 256 Bolton Street, Eltham at auction to a local investor. The high exposure investment site leased to AutObarn sold for $4,375,000 on a 5.65% yield and building rate of $3,781 psm. Jonathon McCormack commented, “The secure 10 year lease with a further 10 year term proved an incentive for investors looking for a strong rental return.”