Eltham Freehold Sold Prior to Auction │Reflecting a Blended 4.7% Yield

978 Main Road, Eltham

Gorman Commercial is excited to announce the successful sale of 978 Main Road, Eltham prior to auction.

The two-level building located in the heart of Eltham opposite the Eltham Railway Station is leased to three separate tenancies (one retail and two first floor offices) with two of the tenancies on new leases returning a combined $85,845 pa plus GST and outgoings.

The property was sold to a local investor on a blended yield of around 4.7%.

The sale demonstrates the continued strength of the suburban investment market with local investors choosing to invest in proven locations.