Published 21 November 2012
A restaurant in a 3-year-old retail centre at Greenhithe has been sold under the hammer at a Colliers International auction.
Greenhithe Café, 6-8 Greenhithe Rd, unit 5:
Features: in fully tenanted retail centre built in 2009
Rent: $71,473/year net on 8-year lease from 2009, next rent review April 2013
Outcome: sold under the hammer for $840,080 at an 8.5% yield
Agents: Deborah Dowling & Euan Stratton
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Attribution: Agency release, story written by Bob Dey for the Bob Dey Property Report.