Sold on a Sub 5% Yield in Brunswick East

Gorman Commercial’s Dean Alexander sold the ground floor strata retail property of 190 sqm including 4 on-site carparks at 374 Lygon Street Brunswick East via a private sale campaign. The property leased to YBL Group Pty Ltd, a building design group, returning $43,633 pa plus GST and outgoings  had 2 years to run of a 5 year lease with no further options. The property sold to a local investor for $890,000 which shows a sub 5% yield.