News & Insights
Sold off market for $4,000,000
January 16, 2020
157-161 Herald Street, Cheltenham
Thursday, January 16, 2020
This property was sold off market for $4,000,000 by Nichols Crowder.
The property comprised a land area of 4,070sqm (approx.), buildings of 3,092sqm (approx.) and two street frontages. The current total passing income of $205,000 per annum so the price represented a yield of 5.1%. However, the property was purchased by an owner occupier so on a building value basis the price equated to $1,294 per sqm.