190 Main North Road, Prospect
overview
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1P4493
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Showrooms/Bulky Goods
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Sold
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215 sqm
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1817 sqm
Description
High Exposure Investment
McGees Property Adelaide is pleased to announce the off-market sale of 190 Main North Road, Prospect, transacting for $3,600,000.
McGees' Investment Team acted proactively, aligning a buyer mandate from our database with the vendor's divestment objectives. The result was a seamless transaction for a fully leased, longer-term development holding, securing a 2.77% yield and a land rate of $1,981/sqm. The asset proved highly appealing to a local private investor.
This sale reflects McGees' strategic, network-driven approach and our ability to deliver market-leading outcomes. The transaction sets a new yield and land rate benchmark for this stretch of Main North Road.
For further information on this transaction, contact Phillip Joncheff or Tom Rowe of McGees Property (RLA 1722).
McGees' Investment Team acted proactively, aligning a buyer mandate from our database with the vendor's divestment objectives. The result was a seamless transaction for a fully leased, longer-term development holding, securing a 2.77% yield and a land rate of $1,981/sqm. The asset proved highly appealing to a local private investor.
This sale reflects McGees' strategic, network-driven approach and our ability to deliver market-leading outcomes. The transaction sets a new yield and land rate benchmark for this stretch of Main North Road.
For further information on this transaction, contact Phillip Joncheff or Tom Rowe of McGees Property (RLA 1722).