A retail unit in Newmarket’s Nuffield precinct has been sold on a 5.35% yield by the Wilson Hurst real estate agency.
2A Balm St:
Features: 116m² retail unit with 11m frontage to Balm St, share of 1581m² of land, parking space, Egg Maternity as tenant with one 4-year right of renewal taking final expiry to 2024; Eden Consultants Ltd assessed the building at 100% of new building standard for Insurance purposes in February 2013; zoned metropolitan centre under the unitary plan, giving development potential if all titles under unified control
Outcome: sold for $1.75 million at a 5.35% yield
Agent: Everett Jaura
Attribution: Agency release.