10 Jul 2019

The Age Business: Wednesday 10 July 2019

Toorak

Leased to the Toorak Newsagency and Baker's Delight, 479 & 479A Toorak Road sold for $4.25 million on a sub 4 per cent yield. Teska Carson's Fergus Evans and Michael Ludski, who brokered the deal, said it showed continued strength in retail strips. The property sold subject to leases to Bakers Delight and NewsXpress returning a total net income of $167,116 per annum.