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OUTSTANDING BLUE CHIP INVESTMENT

Crabtrees Real Estate have brokered the sale of a modern office warehouse in Mulgrave for $4.55 Million. 

An outstanding blue chip investment, 6 Anzed Court is home to Relay Monitoring Systems Pty Ltd, a fully owned subsidiary of a US publicly listed company and returns $284,940 pa net on a 10 year lease which commenced on 1st July 2014 with 2 further terms of 5 years. The sale reflects a yield of 6.26%.

The facility of 1,850m² approximately was purpose built and fully fitted out for an electronics/technology company and sits on a site of 3,373m² approximately.

"The property attracted very good enquiry and the sale reflects the strong demand for assets with quality tenants and long leases." said Crabtrees director Chris McKenzie.