Dual Income Strata Investment Sells

Gorman Commercial’s Dean Alexander and Tom Maule sold 128 & 128 A Union Road, Ascot Vale shortly after auction for $896,000 to a local investor. The dual income strata investment included a ground floor beauty business and a separate first floor one bedroom residence. The vendor had owned the property since the development was built. The property sold on a yield of 4.8% yield. “The strong result reflects a current steady demand for quality retail investment stock, freehold or strata,” said Dean Alexander.