8.2% Yield In Stawell Victoria

Date: 19 September 2017
Phil Clark of First National Commercial Ararat reports the sale of a superb retail property, with three separate tenants, in a prime Stawell CBD location for $432,500. The site incorporated a fully renovated retail shop - fronting the main street - with a two bedroom upstairs residence, a modern architect designed office to the rear (Bayliss Street frontage), and ample car parking.
Returning 8.2% ($35,460 p.a.), there were two new leases and one recent renewal, providing security of tenure and peace of mind for the buyer. Throughout the property, a high standard of finish added to its appeal – fresh paintwork, new carpets, modern bathrooms, and reverse cycle air conditioning.
Back to articles Filed under: Media / National|VIC News Tags: ararat, architect, bayliss, car, clark, designed, parking, phil, renovated, retail, stawell, street
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