Row of Williamstown banks collects c$13m
A row of three Williamstown banks has sold for a speculated c$13 million, which would reflect a 3.5 per cent net passing yield.
Covering 48-50 and 52-56 Douglas Parade, the two holdings are leased to ANZ, Bank of Melbourne and Commonwealth Bank of Australia.
All up, the lettable area is 950 square metres – as is the land area.
There are also seven car parks (story continues below).
JLL’s Tom Noonan, Josh Rutman and Stuart Taylor, with Allard & Shelton’s Michael Shelton and Joseph Walton marketed the Commercial 1 site’s longer term development upside.
The assets previously traded for $11.34m in 2016.
Subscribe to our newsletter at the bottom of this page.