June 11, 2019

Prime Investment

1 & 2/8 Rutherford Road, Seaford

A large showroom / warehouse at the corner of 1 & 2 / 8 Rutherford Road has been sold by private sale for $1.275 million. Leased to two long-term tenants, it changed hands on a solid yield of around 5.5% for the 815sqm building.

The property was marketed and sold by Josh Monks of Nichols Crowder. Mr Monks expects that recently announced government funding for the duplication of Rutherford and Lathams Roads means that the area will soon benefit from better traffic flows and more passing trade.

For further information, please contact:

JOSHUA MONKS 0409 335 179