19 August 2016

Another huge auction result! 4.9% yield

31 London Drive Bayswater

Multiple bidders looking to top up their SMS funds pushed the sale price beyond expectations, with the property being knocked down for $771,000. 
The modern industrial property had a lettable area of 497 sq.m.
With a passing rental of $38,058.00 pa ++, the sale represented a yield of 4.9%
Steven Lawson