Media Release
POINT OF INTEREST: 288 SYDNEY ROAD, COBURG
Craig McKellar and Ryan Milivojac of CVA have just sold a main road city fringe investment with a dual income stream at 288 Sydney Road. Coburg.
Leased by two long-standing tenants, the two level freehold is currently returning $67,836 p.a. net. Snapped up by a local investor, the property was sold for $1,300,000 equating to an attractive yield of 5.21% for the astute buyer and a building rate of $4,012 per sqm* for the 324 sqm* premises.
Boasting a frontage of 6 metres* to Sydney Road and rare direct vehicle access, the property is further enhanced by heating and cooling throughout and public transport at its doorstep.
If you have any queries please do not hesitate to contact the undersigned.
Yours faithfully,
Craig McKellarÂ
Senior Property Executive
E:Â [email protected]Â M: 0431 892 780
Ryan Milivojac
Senior Property Executive
E:Â [email protected]Â M: 0409 481 471
