Eleven small retail investments, the fourth tranche of a portfolio accrued by late businessman Harry Oviss, now being sold down, found buyers last week.
Ten traded at a bulk auction event – all up for $9.949 million.
The priciest was a St Albans property with three tenancies on the corner of Alfrieda Street and McIvor Road which achieved $2.3m, reflecting a 3.95 per cent yield.
Another investment, a High St style shop at 78 Mount Eliza Way, Mount Eliza (pictured, top), collected $1.055m – a 4.55pc return.
The cheapest was 125 Wheatsheaf Rd, Glenroy – at $618,000, it was sealed on a 3.88pc yield.
It was one of two assets offered in that suburb – the other, 753 Pascoe Vale Rd, formerly part of a Barry Plant branch, now vacant, traded for $883,000.
The 11th property to sell – after auction – was 104 Swan St, Cremorne, which fetched c$1.8m (story continues below).
Oviss portfolio sell-down hits $80m
Over 50 bidders registered for this week’s event, according to Gross Waddell ICR agents, Michael Gross, Alex Ham and Danny Clark.
A second tranche offered six months ago – with 14 more – returned $18.5m, while in June, another 16 traded – collecting $29.14m.
Mr Oviss, a revered clothing retailer, property investor and collector, died early last year, aged 97.
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