Office in Yarraville’s industrial centre sells for $4.6m to interstate investor
A double storey office in Yarraville’s industrial centre has sold for $4.577 million to an interstate investor.
The standalone commercial building, tenanted as a West Gate Tunnel Project office, traded on a 5.4 per cent yield.
The marketing agency said 75 enquiries were received.
On a 4454 sqm corner site, 4 Cawley Road contains 1642 sqm of lettable area.
Yarraville is about eight kilometres west of Melbourne’s CBD.
Knight Frank’s Tom Ryan, Tim Grant and Scott Braithwaite said their sale “confirms the strong demand for securely leased office investments”.
