Ray White Commercial agents have sold a Blockhouse Bay property on a yield just over 4%, a day after offers closed under a set date of sale process.
568-570 Blockhouse Bay Rd:
Features: 1111m² site, 2 single-level buildings totalling 335m² house The Block café at the front & Bay Auto Repairs at the rear, future commercial or residential development upside
Rent: $105,000/year net + gst at a 4.01% yield
Outcome: sold last Friday for $2.575 million at a 4.1% yield
Agents: Conrad Traill & John Davies