03 Jul 2019

The Age Business: Wednesday 3 July 2019

Richmond

A shop at 431 Church Street has sold on a 3.5 per cent yield at a well attended Teska Carson auction with strong bidding between four prospective purchasers. An investor paid $1.68 million for the 160 sq m, single-level building between Lesney and Swan Streets. The property sold subject to a five-year lease to a long-standing tenant paying $60,300 per annum plus GST. The selling agents were George Takis, Fergus Evans and Larry Takis.