Sub $1 million Freehold Investments Remain in Strong Demand

Gorman Commercial’s David Minton sold 23 Worrell Street, Nunawading for $432,000 in an off market transaction to a local investor reflecting a yield of 3.7% and a building rate of $7,600 p/sqm. The 57 sqm single-level retail shop is situated on a site area of 192 sqm. Mr Minton said, “Despite negative market sentiment, there remains strong demand from local investors for sub $1 million freehold investments.”