SOLD for the first time in over 35 years by Shead Property & CI Australia under Auction conditions yesterday.
The property was extremely well received by the market with over 400 enquiries received and 10 separate buyers in attendance at Auction.
The sale price reflected a record yield.
Boasting a coveted Victoria Avenue, Chatswood address, a corner position with a double retail frontage and a recently committed 5 + 5 year lease, 216 – 218 Victoria Avenue is the ultimate trophy investment.
Key Features Include:
• Tenanted by King Furniture for almost 20 years.
• Rare Double Fronted Retail Freehold
• Coveted Corner Position
• Brand New 5 + 5 year Lease to King.
• International Retailer with stores in Malaysia, Singapore, Canada & New Zealand.
• Major Recent Capital Upgrades
• Mixed Use Zoning
• 350m to Chatswood Chase
• Net Income: $235,000 + GST pa
For more information on the sale please contact Rick Sombroek from Shead Property 0412 280 181 or Nick Lowry from CI Australia on 0408 891 376.
Disclaimer: All data is provided for information purposes only and while all care is taken in its presentation, Shead Property does not guarantee or warrant the accuracy, completeness or currency of the information.