All’s well with sale
A Heidelberg West Office-warehouse property, leased to multinational tenant Sick Pty Ltd, sold to a private investor for $4.15 million this week, representing a healthy yield of about 8 per cent.
The double-storey 3630 square-metre building at 5 Helen Street was only recently leased for five years with a five-year option. The German company specialises in sensory intelligence and works with Australia’s airports and terminals. ICR Property Group sold the building with Raff De Luise.
The Age – Saturday 13th April 2013