A private investor has purchased an industrial facility in Mitchell for $6.55 million.
149 Flemington Road, Mitchell is a 3,874sqm block with a three storey commercial building comprising showroom, warehouse and office totalling circa 3,225sqm.
The property is 100% leased to Southern Plumbing Supplies Pty Ltd on a 10 year lease ending in 2020, with an additional 10 year option.
CBRE Canberra’s Mark Nicholls sold the property in an off-market sale, achieving a net yield of 7.3%.
149 Flemington Road, Mitchell is a 3,874sqm block with a three storey commercial building comprising showroom, warehouse and office totalling circa 3,225sqm.
The property is 100% leased to Southern Plumbing Supplies Pty Ltd on a 10 year lease ending in 2020, with an additional 10 year option.
CBRE Canberra’s Mark Nicholls sold the property in an off-market sale, achieving a net yield of 7.3%.
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ABOUT CBRE GROUP, INC.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
ABOUT CBRE GROUP, INC.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
