Crabtrees Real Estate Executives Joe Monea and Pana Kritikos in conjunction with Moss Property Consultants have sold a securely tenanted investment in Hughesdale for $1.075 Million prior to Auction.
70 Poath Road, home to long standing tenants Hughesdale Pizza & Pasta, returns $36,000 pa net on a new 4 x 4 x 4-year lease with annual 4% increases.
“With a total building area of 120 sqm on a freehold site of 218 sqm with front and rear lane access and commercial 1 zoning, our astute buyers are benefiting from a tight 3.35% yield immediately with the potential of a mixed-use redevelopment in the future.” commented Joe Monea.
For further information, please contact selling agents:
Joseph Monea Monea on 0448 486 665
Pana Kritikos on 0418 358 700