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  • Industrial asset quickly snapped up

100% leased industrial asset quickly snapped up

Canberra | 29 June 2016
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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%.
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