SOLD – 16 Cochranes Road, Moorabbin
December 14, 2020
SOLD TO LOCAL INVESTOR
16 Cochranes Road, Moorabbin
A 510sqm warehouse at 16 Cochranes Road has been sold off market to a local investor by James Glen of Nichols Crowder.
Selling for $770,000, this represents a sale price of more than $1,500psm, and a sharp yield of 4.7%. The property is situated opposite the new Morris Moor development, and is leased to established tenant CrossFit Moorabbin.
The buyer is looking to take advantage of the likely upside of the property’s great position in an increasingly popular location over the coming years.