News & Insights

Sold off market for $4,000,000

January 16, 2020
157-161 Herald Street, Cheltenham

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.

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