Sub-million Retail Off Market Sale in Burwood

Gorman Commercial’s David Minton sold 75 Station Street, Burwood in an off market deal for $800,000. The 85 sqm single-level retail building was securely leased on a 5+5 year lease. Mr Minton said, “Limited buying opportunities in this price range together with the highly sought after Burwood location resulted in the property being sold to a local investor on a 2.7% yield.”