VIC: Shop sale
A GROUND-FLOOR shop in the Infinity8 development has sold to a private investor for $800,000.
The tenant has signed a new five year lease with three further terms of five years, at a net annual rental of $44,000 with annual increases inline with CPI.
BUYER: Private investor
SELLER: Private investor
AREA: 53 sq m
AGENT: Raff De Luise, ICR Property Group
The Australian, Friday 9th May 2014