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THRIVING CLAYTON ROAD RESTAURANT SELLS
A Strata retail shop in the heart of Clayton has sold on a 4.4% yield.
The sale was negotiated by Rodney King of Crabtrees Real Estate, who sold the property at 333A Clayton Rd Clayton of 288sqm for $2,620,000.
The shop trading as “Man-O-Salwa” restaurant was sold with a new eight year lease from March 2016 and returning $115,917.72p/a NET.
Rodney King said “there was a lot of interest from local and overseas investors, with over 60 enquiries received. The property was eventually secured by an interstate buyer, who was attracted by the long lease and annual 3% increases.”
The modern thriving restaurant is located in the heart of Clayton Road moments from Clayton railway station.
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