823 Nepean Hwy, Bentleigh
A retail showroom of 330sqm at 823 Nepean Highway, Bentleigh has old under the hammer at auction for $1.97 million. The property is leased until 2022 (with options) to bike retailer 99 Bikes, with additional rental income from the leasing of a prominent rooftop signboard. With total net rent of $99,000 per annum, the sale price represents a yield of around 5.0%.
Near the corner of Patterson Road, the property benefits from exposure to approximately...