Industrial Investment Sells on 3.7% Yield
Gorman Commercial is delighted to announce the sale of Unit 33, 44 Sparks Avenue, Fairfield which sold under the hammer at auction.
- Sold: $790,000
- Bidders: 5
- Yield: 3.7%
- Building Rate: $4,514 psm
- Purchaser: Local Investor
Income producing assets continue to be highly sought after and are selling on exceptionally low yields in the current market.
It was a pleasure working alongside transaction manager, Heath Bedford, of HRB Property Advisory to achieve an excellent price for the vendor.