JB LEDs collects $10.75m from office/warehouse

Lighting group JB LEDs has sold a developer its Cheltenham office/warehouse.

The 1.1 hectare amalgamation, 10 (pictured, top) and 20 Christensen Street, collected $10.75 million – a price reflecting a 3.1 per cent initial yield.

The Weighted Average Lease Expiry was a short 1.45 years.

Colliers’ Daniel Telling and Gordon Code were the agents (story continues below).

Cheltenham is about 18 kilometres south east of Melbourne.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.