Media Release
POINT OF INTEREST: 101-109 BURWOOD HIGHWAY, BURWOOD
8 April 2021
Ian Angelico and Jarrod Moran of CVA have successfully negotiated the sale of 101-109 Burwood Highway, Burwood, home to Burwood Nissan.
Due to the versatility of the property given its lucrative investment appeal and the attractiveness of future mixed use development potential, the Expression of Interest campaign registered over 70 enquiries from a range prospective buyer groups.
A number of formal offers were submitted, and after subsequent negotiations, the 1 acre, 3,928 sqm* corner land holding was sold for $10,900,000.00 to a local investor. Leased to Autopact Group trading as Burwood Nissan on a three year lease term plus options and returning $552,000.00 p.a, the property will show a yield of 5.0%, land rate of $2,775 psm and a building rate of $4,130 psm for the 2,639sqm building.
If you have any queries please do not hesitate to contact the undersigned.
Aerial 101-109 Burwood Highway, Burwood
