November 11, 2017

HEALTHY INVESTMENT LAPPED UP

SOLD
55 Grant Road, Somerville

The YMCA at 55 Grant Road has been sold by Tom Crowder of Nichols Crowder for $2.65 million.  The modern 1,841sqm building on land of 5,037sqm contains a 25-metre heated swimming pool, a hydro pool, cardio room, gymnasium, change rooms and café.  The property also has parking for around 80 cars.  “Sold with a yield of 6.9%, and with a lease option through to April 2022, this is a great result for the vendor and the purchaser,” says Tom Crowder