March 07, 2019

ICONIC BRIGHTON SUPERMARKET

SOLD
10-12 Cochrane Street, Brighton

One of Bayside’s iconic supermarkets has changed hands, with Dockendorff’s IGA Supermarket and Liquor being sold for in excess of $10 million.  This represents a low yield of around 2.4%.

Although the property passed in at auction in front of more than 60 people on a fresh summer afternoon, it was purchased soon after by a local investor.  Set on land of around 1,700sqm, and with a building area of 800sqm, the property has significant development and / or rental upside.

Matt Nichols, James Glen and Julian Vautin marketed and sold the property, which has been leased to Dockendorff’s / IGA for the past 79 years.

For further details contact;

MATT NICHOLS 0418 186 488
JAMES GLEN 0401 493 277
JULIAN VAUTIN 0420 406 660