Sprawling inner-west industrial investment trades on low yield
An uber-prominent showroom/warehouse in Melbourne’s inner west has traded off-market.
The $15.5 million achieved for 79 Sunshine Road and 4 McArthur Street, West Footscray (pictured, top), reflects a five per cent yield.
It also values the (1.32 hectares) of Industrial 1 zoned land at $1169 per square metre.
The property is walking distance to Tottenham station – at the top of one of the closest industrial estates to town and Port of Melbourne (story continues below).
West Footscray is seven kilometres to the CBD’s west edge.
Aston Commercial’s Fred Nucara was the agent.
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