Port Melbourne Warehouse Buy
A Melbourne private investor has paid $1.75 million for an office/warehouse leased to an American company in the Wolfstep Portside Business Park – the former GMH manufacturing plant in Port Melbourne. ICR Property Group’s Raff De Luise negotiated the deal.
The sale of 7 Central Boulevard represented a net yield of 7.7 per cent. The property comprises 311 square metres of fully refurbished offices and 508 square metres of warehouse space
The Age – Wednesday 7th December 2011