Board Walk Shopping Centre, Point Cook, Melbourne, Sells For $13.75 Million

TAIWANESE investors have paid $13.75 million for Point Cook’s Board Walk Shopping Centre, about 28 kilometres west of town.
The 3,490 square metre centre, under construction at 48 – 56 Tom Roberts Road, is anchored by a 1,902 square metre IGA supermarket, and includes 13 specialty shops.
Based on the building’s annual net income of $1.02 million, the Board Walk sold on a low yield of 7.4 per cent.

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