Newly Inked Deal

Gorman Commercial is pleased to announce a newly inked deal at 10 Market Street, Nunawading which has been the home of Capricorn Tattoo for many years. The subject property returning $21,775 with two years remaining on a three year lease with no further option sold for $420,000 reflecting a yield of 5%. Dean Alexander of Gorman Commercial said, “The buyer, a local investor, is planning to collect the rent for the next couple of years with the view of owner occupying the property as a cooking school.”