|
Written by Marc Pallisco
|
|
Monday, 14 June 2010 23:59 |
|
 A PRIVATE investor has paid close to $10 million for a prominent Williamstown retail complex, at the corner of busy Ferguson Street and Douglas Parade.
Fitzroys selling agent Geoff Emmett confirmed the prominent site sold before a scheduled auction on Thursday.
Based on the complex’s annual rental income of $568,796, the asset sold on a yield of about 5.7 per cent.
On the other side of town, an office and retail complex in ritzy High Street, Armadale, on the corner of Mercer Road, failed to sell for $9.2 million, against a reserve of $9.6 million.
|
